AI-related cryptocurrencies have seen a significant decline this week, with coins like Render (RNDR), Fetch.ai (FET), and SingularityNET (AGIX) all falling between 3% and 5% in the past 24 hours. The drop is attributed to Chinese company DeepSeek announcing a new AI model, which has raised investor concerns about its impact on US tech valuations. Additionally, tech stocks have been falling, weighing on the crypto market.

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