#DeepSeekImpact The Chinese company DeepSeek, founded in 2023, launched a new artificial intelligence model called R1, which competes with ChatGPT with low development costs and high efficiency. This surprise announcement led to a decline in the shares of major companies such as Nvidia, which lost billions of dollars in market value.

Since Nvidia is considered a major supplier of mining processors used in cryptocurrencies, its decline directly affected the cryptocurrency market. This has shaken investors’ confidence in the technology that supports