Bitcoin plunges below $100,000 as Chinese AI model threatens U.S. tech giants.

Bitcoin dropped below $100,000, leading to a significant decline in crypto and tech stocks, following the emergence of a low-cost AI model from China's DeepSeek. The model's efficiency challenges U.S. tech giants like NVIDIA, causing a selloff that impacted the Nasdaq and other major indices. The drop in Bitcoin and tech stocks is compounded by concerns over upcoming Federal Reserve interest rate decisions.

2 months ago
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