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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.
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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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TOP STORIES
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FUNDRAISING
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OTHER HEADLINES
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CRYPTO TWITTER (X)
DeepSeek calls for a $180k - $220k bitcoin cycle top price by November 2025 👀
— Bitcoin News (@BitcoinNewsCom)
7:54 PM • Jan 27, 2025
Solana TA: Let me illustrate the basic bull market strategy. The exchange will always try to take back 50% of the move. Here we see the move was from $175 to $295 on $SOL, 50% of that is $238. See how that lines up exactly with the lowest blue line liquidation level. Expect… x.com/i/web/status/1…
— MartyParty (@martypartymusic)
10:20 PM • Jan 26, 2025
In total market cap, the Nvidia selloff today is a little bit bigger than if the entire listed market of Mexico went to zero.
— Mike Bird (@Birdyword)
4:19 PM • Jan 27, 2025
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