#USConsumerConfidence What is happening in the US stock market?**

The US stock market has fallen sharply today, primarily due to the emergence of DeepSeek, a Chinese AI company. DeepSeek is a competitor of ChatGPT and is drawing significant attention because:

- **Low cost**: DeepSeek was developed at a cost of less than 10 million USD, very low compared to ChatGPT.

- **Rapid success**: This application has surpassed ChatGPT to become the number 1 free app on the Apple App Store.

- **Concerns about valuation**: ChatGPT is valued at 157 billion USD, while DeepSeek is only 0.2% of that figure. This has led many investors to question whether US technology companies are overvalued.

**Impact on the cryptocurrency market**

DeepSeek's success has caused US investors to worry, leading to a sell-off of technology stocks. This panic quickly spread to the cryptocurrency market, which often experiences significant volatility when traditional markets are unstable.

**Should you be worried?**

Although the sharp price drop may cause confusion, this is a common reaction to short-term news. Such price drops are often opportunities for patient investors to accumulate more assets.

**Key points to remember**

- Cryptocurrency prices have fallen due to the impact from the US stock market, not due to internal issues.

- DeepSeek has raised concerns about the valuation of US technology, leading to a sell-off.

- The cryptocurrency market is very volatile, and FUD (fear, uncertainty, doubt) is a common occurrence.