DeepSeek rocks the market! Chinese AI rivals OpenAI, causing | Raj choudhary21 on Binance Square

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DeepSeek rocks the market! Chinese AI rivals OpenAI, causing a crypto & stock plunge. But it's efficient & affordable, fueling AI growth. With $500B from Trump for US AI and pro-crypto stance, expect a massive Wave 2. AIInnovation CryptoMarkets #DeepSeekImpact InvestmentStrategy Be patient, big gains ahead!

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Crypto Market Faces Billions in Liquidations Amid Severe Panic Bitcoin’s decline to the $91K zone wiped out nearly $2.27 billion from the overall crypto market, including $1.89 billion in long positions within 12 hours, according to Coinglass market data. In the past 24 hours, 745,971 traders were liquidated. CoinGecko showed how holders began selling, signaling a shift in sentiment. Ethereum saw even steeper losses, dropping to $2,135 in its worst intraday decline since 2021.

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Market Uncertainty Remains as Trade War Risks Mount While analysts see China’s retaliation as measured, the risk of further escalation looms large. U.S. stock futures and commodities also took a hit, with NASDAQ 100 futures down 1.7%, crude oil falling 1.74%, and natural gas plunging 2%. Canadian Prime Minister Justin Trudeau confirmed that the U.S. is pausing tariffs on Canadian goods for at least 30 days after a call with President Trump on Monday. “I just had a good call with President Trump,” Trudeau wrote on X, adding that both nations are working on solutions. As part of the agreement, Canada will roll out a $1.3 billion border plan, reinforcing security with helicopters, advanced technology, and additional personnel to curb the flow of fentanyl. The move follows a similar one between the U.S. and Mexico earlier in the day. President Trump had announced a delay in tariffs on Mexico after a pledge from Mexico’s President to deploy 10,000 to the border to combat illegal migration. Market participants had been anticipating that Canada would negotiate similar terms and Trudeau’s statement confirmed those expectations. “Proposed tariffs will be paused for at least 30 days while we work together,” he wrote

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Market Resilience Pushes Gradual Recovery Amidst Dip Despite the widespread sell-off, Bitcoin’s decline was comparatively milder than Ethereum and other altcoins. Although the global crypto market is currently in its recovery phase, this rebound is largely attributed to the U.S.-Canada tariff pause. The market is now adapting and gradually absorbing the losses. Bitcoin saw a 4.23% price increase in the last 24 hours, Ethereum gained 6.8%, and other altcoins made significant jumps. This reflects a broader risk-off sentiment among investors, as they respond to the positive development in trade tensions. Bitcoin is now trading at $99,000 and is eyeing a target of $105,000, fueled by David Sack’s recent policy update.

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Shiba Inu (SHIB) Struggling to Reclaim Momentum The difficulties experienced by Shiba Inu in maintaining its growth were evident, with its price dipping below crucial support levels recently. SHIB is currently priced at $0.00002015, and it was down by 2.64% within the past 24 hours, indicating the downtrend. The token continues to trade below the 50-EMA and 200-EMA, which indicates that the bearish pressure is still intact. Using technical aspects, the analysts have observed that SHIB formed a head and shoulder pattern which is a bearish signal. Also, there is a chance of a ‘death cross’ where the 50-day EMA penetrates the 200-day EMA. Such patterns suggest that there could be further fluctuations and decreases in the future. However, there seems to be some hope within the SHIB community with the introduction of the TREAT reward token which is meant to encourage transactions within the Shiba Inu network. However, the competition from new meme coins and the decreasing transaction volume suggest that SHIB has become less attractive as an opportunity for investors who seek hypothetically large returns.

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