🚨 WHY ARE BITCOIN AND CRYPTO DUMPING?

🔻 In the past few hours:

BTC is down over 5%

Large caps are down 8%-10%

🔍 This has NOTHING to do with the crypto market and EVERYTHING to do with the US stock market. Here's why:

🛑 The US stock market is dumping today, and it’s all because of one app: DeepSeek.

DeepSeek is a Chinese AI startup competing with ChatGPT.

Estimated development cost: < $10M (way less than ChatGPT).

📈 Key trigger:

Today, DeepSeek overtook ChatGPT to become the #1 free app on the Apple App Store.

💰 Valuations:

ChatGPT: $157B

DeepSeek: ~0.2% of ChatGPT’s value

😨 Impact:

Large US investors are concerned that US tech stocks may be overvalued.

Result? Massive sell-off in the US stock market, impacting crypto prices.

🤔 My personal take:

No need to panic sell your crypto.

There’s always some FUD to shake the market.

Stay calm, HODL tight, and let the storm pass.

💡 Patience is key in crypto.

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