If you're wondering why the market is falling, the answer is DeepSpeek, the new AI which promises to work with less powerful and not as sophisticated chips as those manufactured by NVIDIA and so far the company with the highest market capitalization. Why does it affect? NVIDIA's sales quarter after quarter grew like foam, even from 2020 to date it grew more than $BTC , with a demand that far exceeds supply, NVIDIA dedicated itself to being the largest technology company and supporting the economy on Wall Street.
On the other hand, the SP 500 continues to fall, due to its high dependence on NVIDIA, giving us an illusion of the market that we apparently did not have.
If the SP500 fails to quickly overcome 6,000 points, we will see an even bigger drop in the market, with operating losses in all assets.
Nobody expected what happened this weekend in the crypto market, much less the long-awaited January 20, 2025.
Nobody expected such high volatility and a drop as seen in recent days, the question would be why did it happen? And the answer is due to the new crypto of $TRUMP which was within the top 10 at the time, significantly affecting all altcoins.
A weekend and a day in which the prediction was upward, resulted in unparalleled volatility.
Such confusion only shows us how volatile and complex it is to operate with cryptos and stay calm in times like these.
Since December 20th and thanks to Powell, the markets have done nothing but fall, not only the crypto market but also indices like the S&P 500 suffered significant drops.
However, yesterday, January 15th, after the positive CPI data for the markets, we experienced an unprecedented rise 📈. Crypto and stocks grew as if there were no tomorrow.
However, not all altcoins fared the same; $BTC broke the 100k mark again, but it raises the question of who will be the next second most important crypto.
While $ETH has a market capitalization just under double that of $XRP , we see that for now, the second most important crypto has not yet surpassed its all-time highs, while XRP continues to rise, closing each day with a new record, and despite what various indices like the RSI tell us, it keeps climbing.
Let’s remember that TRUMP and his entire team are pro crypto with a proposal to reduce taxes on gains for crypto projects developed in the USA.
From there arises the question of whether XRP will reach and surpass ETH; I read you in the comments.
the markets are positive, but tomorrow at 8:30 EST the CPI index will be released... It sounds to me like confidential information has already leaked on Wall Street.
TheBestia
--
Don't let your guard down. The whales are stirring the waters and will create big waves
Today I tried to download the DOGE exchange platform (Department Of Government Efficiency) and was surprised to find that the original Doge is not listed.🥺🥺🥺