Why did the cryptocurrency market crash? Well, this is a simple question. A Chinese artificial intelligence company (deepseek) achieved a great feat: it created a stronger, faster, and free AI. Which is better than gpt chat (paid version), this caused Nvidia's stock to plummet and led big investors to withdraw their investments in cryptocurrencies to allocate them to the new Chinese startup or even buy some Nvidia stock to rebalance their portfolio.
The open-source Chinese model DeepSeek R1 is setting new standards, surpassing GPT-4, Claude 3.5, and Gemini.
Its success challenges the dominance of established tech giants and has already led to massive losses in the US tech sector. Bitcoin has also seen a sharp decline as markets react nervously to this new dynamic.
Why?
An open-source model, trained for a fraction of the usual costs and available for free, is suddenly outperforming billion-dollar AI projects.
This devaluation is shocking the markets: overvalued US tech stocks are plummeting and Bitcoin is falling as investors fear an even bigger drop in the future.
What do you think? Is a bigger drop coming or is now the best opportunity to buy the dip? Answer me in the comments...
#USConsumerConfidence The confidence of the American consumer has decreased starting January of the year 2025.
But today, Monday, January 27, has been devastating, as since the launch of China's 🇨🇳 DeepSeek AI, which, barely being launched, with a very low budget in hardware and software, already surpasses some functions of Open AI.
This translates into an impressive setback in consumer confidence in cryptocurrencies in the US 🇺🇸
We will see what the next step of the market will be 💹
The Deepseek revolution raises concerns in the US market 📉
China revolutionizes with Deepseek which surpasses anything seen before, requiring 97% less processing, created in months with 0.1% of the capital raised in 10 years by Open AI, with much less expensive hardware and a smaller team 😱🔥
Much of the bullish market of the last 2 years has been based on AI and the crypto market is no exception, just last week Trump announced Stargate, a $500 billion project, surrounded by major tech figures like Elon Musk, Meta, Google, Microsoft, Amazon who invested more than $60 billion in massive data centers in 2024 that now seem unnecessary.
The market loses confidence in the viability of these investments, US providers begin to appear overvalued, the narrative deteriorates causing a significant correction.
The Earth is our home and Venezuela is our garden. Today, on World Environment Day, we reaffirm our commitment to caring for our planet. Every action counts, from recycling a piece of paper to planting a tree. Let us educate the new generations about the importance of preserving our natural resources. Let's sow awareness and we will reap a better tomorrow! 🌱💚🤝🏼
$SOL This coin 💱 has a strong base, I trust in it and in its consolidation over time as one of the best cryptocurrencies to invest in the stock market. Come on, what are you waiting for to get on board?
#SOLETFsOnTheHorizon The perspective of an ETF (Exchange Traded Fund) based on Solana ($SOL) is generating a lot of interest in the cryptocurrency market⁽¹⁾. Recently, Grayscale Investments filed an application for a Solana ETF, which has raised expectations about this cryptocurrency⁽¹⁾. Here are some key facts about the potential ETF and what it could mean for Solana in the future:
Potential of Solana ETF
1. Approval in 2025: The odds of this ETF being approved in 2025 are estimated to be 93%, which has generated great enthusiasm among investors.
2. Increase in Solana Price: The expectation of an ETF has led to optimistic predictions about the price of SOL, with some analysts suggesting it could reach 400 USD or more in the coming months.
3. Greater Accessibility: If approved, the ETF would allow investors to gain exposure to Solana without having to buy, store, and manage the cryptocurrency directly.
4. Institutional Interest: A Solana ETF could attract more institutional investors, increasing liquidity and solidifying Solana's position as a top-tier cryptocurrency.
Market Impact
- Bullish Sentiment: With market sentiment showing positive momentum, the price of Solana is expected to continue its upward trajectory⁽⁴⁾. Currently, SOL is trading at approximately 249.96 USD, with a marked upward trend⁽¹⁾. - *Regulatory Challenges*: Although there is optimism, many experts indicate that there are still regulatory challenges that could delay the approval of the ETF⁽⁵⁾.
In summary, the possibility of a Solana ETF generates great expectations and could have a significant impact on the crypto market. For investors, this could be an exciting opportunity to closely follow. (https://www.ccn.com/news/crypto/solana-spot-etf-timing-sol-sec-fund/)
WELL Binance took the best of the reward money. Before 250 points 2 USDC, then 200 points 1 USDC. Now the points can only be spent on trading fees, the real money is gone.😡🙂
🚀 Elon Musk, leader of the Department of Government Efficiency (DOGE), is exploring the use of blockchain to improve transparency in the operations of the U.S. government. The idea is to reduce federal spending and secure data, as well as manage payments and buildings.
- Musk aims to eliminate trillions from the annual budget.
- They have met with public blockchain networks to assess their use.
- The proposal is reminiscent of Robert F. Kennedy Jr.'s in 2024.
What do you think about blockchain in government? Comment below!
Short- and long-term inflation expectations have increased, standing at 3.3% and 3.2%, respectively. This increase in inflation expectations reflects consumers' fears of a possible rise in the cost of living.
In summary, the decline in consumer confidence suggests a challenging economic outlook for the coming months, with consumers preparing to face tougher conditions.
#USConsumerConfidence in the digital asset market. However, the term could be interpreted as a concept related to key economic indicators, such as the Consumer Confidence Index in the United States, which measures consumer optimism about the economy. It is possible that the name is associated with an emerging or theoretical project that seeks to link economic confidence with blockchain technology, representing economic metrics in a decentralized and transparent manner.
If it were a cryptocurrency, it could focus on reflecting spending trends and economic perception in real-time, providing investors and analysts with an innovative tool to assess market behavior. Would you like more information about a specific project?
#USConsumerConfidence The University of Michigan's consumer confidence for the United States was revised down to 71.1 in January 2025 from a preliminary 73.2 and compared to 74 in December. The expectations indicator was revised down to 69.3 from 70.2 and the current conditions sub-index was revised down to 74 from 77.9. Meanwhile, inflation expectations for the year remained unchanged at 3.3% (up from 2.8% in December), and the 5-year outlook was revised down to 3.2% from 3.3% (up from 3% in December).
#USConsumerConfidence This is a sample study conducted by the University of Michigan, where 500 people from different places in the US 🇺🇸 are asked what their perception is of the current and future economy in that country.
Currently this index has fallen to 71.1% compared to the estimated expectation of 73.2% for the month of January 2025.
$BNB This currency is on the rise, differentiating itself from the rest, it has great versatility when working with it. If you are going to make a new investment, I recommend this currency 💱
The University of Michigan Consumer Sentiment Index is a key tool that measures consumer confidence in the U.S. economy. This indicator is vital for forecasting consumer spending, which represents a significant part of economic activity.
🔍 How is it conducted? Each month, approximately 500 consumers are randomly surveyed, representing a diverse sample of the population. They are asked about their current and future perceptions of the economy, their personal finances, and the labor market.
🔍 Components of the Index
1. Current Conditions: How consumers feel about the current economic situation. 2. Future Expectations: What consumers expect about the economy in the next six months.
🔍 Importance of the Index
This index is closely monitored by economists and policymakers, as it can influence monetary and fiscal decisions. A high index indicates optimism and potential increases in spending, while a low index suggests concern and potential decreases in spending.
📉 Recent Results In January 2025, the index fell to 71.1, below expectations of 73.2 points. This decline is attributed to a drop in the assessment of personal finances and economic expectations.
This chart shows the consumer confidence index in the United States over the years.
As you can see, there have been periods of great optimism and others of greater pessimism, reflecting the different economic conditions that the world has gone through.
The impact of consumer confidence is reflected in consumer spending, the stock market, and how monetary policy decisions influence consumer confidence in central bank decisions.
When consumers are confident about the economic future, they tend to spend more, which drives economic activity and, therefore, the markets!
Generally, higher consumer confidence is associated with rising markets.
* Volatility: Sudden changes in confidence can create volatility in the markets.
How to use this information?
* Investors: It can help make long-term investment decisions.
Today we celebrate World African and Afro-descendant Culture Day, a day to honor our roots and the rich history that unites us 🌍
In Venezuela, our identity is deeply marked by African heritage.
Let us remember our ancestors, their struggles, and their contributions to our culture! ✊🏿 From music to gastronomy, African influence is present in every corner of our country. Let’s share and celebrate our diversity! 🫱🏽🫲🏿
The fighting people and the working class marched to the doors of Miraflores
The fighting people and the working class marched to the doors of Miraflores, joyful and driven by the truth that Venezuela is at peace and united today more than ever; it was a wonderful day. ✅ Immense marches across the country, commemorating the civic-military rebellion of January 23. ✅ The most beautiful thing I inherited from my father Hugo Chávez's struggle is the love of the people. ✅ On #January23, 2019, I stood for the first time on the People's Balcony, when North American imperialism tried to install a puppet president. Six years later, we are victorious, advancing, and on the offensive!