Could Bitcoin See A Deeper Dip On The DeepSeek AI Shock?

The launch of DeepSeek, a low-cost Chinese large language model, is putting pressure on the markets, sending Bitcoin (CRYPTO: BTC) back below $100,000 on Monday.

What Happened: DeepSeek’s launch on Jan. 20 rippled through to global markets on Monday, as the Chinese AI system, developed for just $6 million, outperforms OpenAI’s vastly more expensive ChatGPT.

According to cryptocurrency influencer The DeFi Edge, this development challenges the perception of U.S. tech dominance, triggering sell-offs in overvalued U.S. tech stocks like Nvidia and Microsoft.

The Nasdaq 100 dropped 2%, and the crypto market, often correlated during crashes, followed suit.

Meme coins also took a hit, with Trump (CRYPTO: TRUMP) and Dogecoin …

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