As a result, Nvidia is currently down 17% in today's session, and the Nasdaq is down 3.32%. As you may have noticed it has affected the markets in general and also bitcoin and cryptocurrencies which are also trading down today.
Here is an article on the subject:
Why Is DeepSeek Sinking Nvidia Stock?What do you think about it?
So this is relevant to AI and based on this news the Nvidia stock dumps was expected but i do not understand why bitcoin tanks on this news ? Deepseek is no threat to bitcoin and ideally bitcoin should not have dump too much on this news. It seems like bitcoin just need any excuse to dump
However i do see that there is some manipulation by the whales and crypto exchanges too in this dump as they know where people stops are and they artificially creates selling pressure making stops hit.