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  • 🌙 Cryptocurrency Market Falls 7% Due to the Release of a Chinese AI Rival

🌙 Cryptocurrency Market Falls 7% Due to the Release of a Chinese AI Rival

Nearly $1 billion in liquidations occurred as the global crypto market reacted to the debut of DeepSeek.

Crypto Roundup - January 27

The cryptocurrency market experienced a 7% drop following the release of a Chinese AI system seen as a competitor to ChatGPT, stirring significant market reactions. In regulatory news, former President Trump's administration has initiated crypto regulatory reforms, starting with a new SEC task force aimed at crypto oversight. Additionally, Bitcoin wallets holding between 100 and 1,000 BTC have reached a record high, indicating a growing concentration of wealth within the cryptocurrency space.

Top Stories

  • Cryptocurrency Market Falls 7% due to the release of a Chinese AI rival.

  • Trump's Regulatory Reforms Begin with the establishment of an SEC crypto task force.

  • Bitcoin Wallets Surge to a record, with holdings of 100 to 1,000 BTC.

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