Bitcoin's sudden drop below the $100,000 mark has been attributed to a market disruption caused by the Chinese AI app DeepSeek's rapid ascent. This chain reaction resulted in a $212 billion crash in the crypto market, reducing the global market cap to $3.42 trillion.
Major cryptocurrencies such as Ethereum, XRP, and Solana also suffered significant declines ranging from 8-10%. The turmoil triggered extensive liquidations, amassing $613 million in losses as the market reeled from the unexpected shock.
Fuente: blockonomi.com ↗