This drop in crypto prices is quite alarming, I am a beginner and I get scared to see how $PEPE went from 0.000015 to where it is currently, but it's not just with Pepe, even Bitcoin is affected.
The main cause is a new AI called Deapseek that made waves in just 24 hours after its launch.
The reason: it was created with 10 million, and it became the top 1 of the most downloaded free apps on iOS. Being of Chinese origin, this app was the cause of all these movements in the market.
ChatGPT has a new rival.
Let's also hope for news about the Federal Reserve, which is another announcement that traders are waiting for.
