📉 Crypto fell. Bitcoin is trading around $100,000, altcoins from the top 100 are falling by double digits.
📉 Leaders of the decline over the past day: FARTCOIN -30%, VIRTUAL -17%, HYPE -15%.
The AI sector lost 29% in price, the AI agent sector - 17%.
Arthur Hayes predicts a fall in Bitcoin to the region of $70,000-75,000.
The fall is associated with the Chinese AI model DeepSeek. It is much better and cheaper than American solutions, which raises the question of the rationality of billions of investments in AI startups and the return on investment. Because of this, Nasdaq fell, and then crypto, led by the AI sector.
The Fed could add to the volatility this week as it announces its rate decision.