#DeepSeekImpact

Bitcoin, crypto market dip as DeepSeek gains ground

The crypto market experienced turbulence following the rise of China's new AI startup, DeepSeek, which is trending across the global investment market.

DeepSeek, a newly launched AI chatbot and potential rival to OpenAI's ChatGPT, caught users' attention one week after the release of its open-source language model, R1, on January 20. It tops the chart as the highest-rated free app for US and Chinese users on the Apple App Store.