DeepSeek, China’s latest weapon in the tech race, is causing an upheaval in the cryptocurrency market. This new supercomputer, capable of algorithmic investments and trades at speeds unfathomable to human traders, has been heavily deployed in the crypto market. As a result, its aggressive strategy has triggered a notable plunge in Bitcoin and other cryptocurrencies’ values. More in-depth analysis shows that the machine’s trading behavior sent a negative ripple effect through the market, leading to panic selling and further devaluation. The incident showcases the potential for single entities, especially heavily-armed tech giants, to unwillingly cause market crashes. Read More
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