It is a super volatile day in crypto today. It should be related to DeepSeek Chinese AI technology which is much lower cost but as efficient as US AI tools. This impacted most US tech stocks valuation and as a side effect, this also impacted the crypto market. However, I think this has been like this in the past for all the technology. Chinese would always get a product in lower cost as a big competition, e.g. PC, phone. I would think the market is over reacting on it.
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