#MarketPullback Why is Bitcoin & Crypto Dumping? Here's the Real Reason! 💥
In the past few hours, $BTC is down over 5%, and large caps are down 8%-10%. But guess what? This has nothing to do with crypto itself and everything to do with the US stock market. 📉
💡 Here's the deal: The US stock market is taking a hit today, and it's all because of a single app called "DeepSeek".
DeepSeek is a Chinese AI startup competing with ChatGPT. It’s making waves because:
It reportedly cost less than $10M to develop, which is pocket change compared to ChatGPT. 💸
Today, DeepSeek overtook ChatGPT to become the #1 free app on Apple’s App Store.
For context, ChatGPT is valued at $157B, while DeepSeek? A mere 0.2% of that. 🤯
This is spooking large US investors, who now believe the US stock market might be overvalued. As a result, they’re selling off stocks, causing ripples in the crypto market. 🌊
💭 What does this mean for you?
There’s no need to panic sell your crypto. Markets always face FUD (Fear, Uncertainty, Doubt) like this.
✊ HODL tight, stay calm, and ride out the storm. Better days are ahead! 🚀