Why did the cryptocurrency market crash?
Well, this is a simple question. A Chinese artificial intelligence company (deepseek) achieved a great feat: it created a stronger, faster, and free AI.
Which is better than gpt chat (paid version), this caused Nvidia's stock to plummet and led big investors to withdraw their investments in cryptocurrencies to allocate them to the new Chinese startup or even buy some Nvidia stock to rebalance their portfolio.
Nvidia lost 500 billion in market share today.