Why the encryption decreases? Deepseek symbols affect thousands of merchants – Tradingvief News
A wave of distinctive symbols of unauthorized cryptocurrencies appeared that exploits the name of the Chinese Ai Deepseek on multiple networks of Blockchain, with one fraudulent symbol that briefly up to 48 million dollars, despite explicit warnings from the company.
This happens because Deepseek has caused a great panic in Wall Street, which led to a decrease in encrypted currencies. Bitcoin (BTC) decreased briefly to less than $ 100,000, while XRP tested its lowest monthly levels. Let’s take a closer look at the cause of Crypto’s decrease.
The fake Deepseek code reaches $ 48 million from the market market, as AI Hype Fuels rose
The primary antichrist, which was launched on Solana Blockchain earlier this month, achieved about $ 150 million in trading volume and attracted more than 22,000 portfolio holders, according to data from Solana Trouchr Tracker Birdeye. Deepseek explicitly denied any contact with cryptocurrency projects and warned users against potential fraud.
The fake symbol witnessed a sharp increase, followed by a rapid decrease on an equal decrease. Source: Birdeye
The timing of the fraud coincided with the rise of Dibsic to diseases in the artificial intelligence sector, as the effective artificial intelligence model challenged the cost of industry giants. The creative symbols of the fraudulent symbol tried to add legitimacy to their presentation by creating false associations with the presence of Web and the official social media site for Deepseek.
The second unauthorized DEPSEK code also gained a large traction, as it reached the maximum market of $ 13 million at $ 28.5 million in the trading volume before a decrease to $ 8.6 million. These accidents are part of a wider direction of fraudsters who take advantage of popular technology trends in encrypted currency markets. Paul Howard, Wincent
Paul Howard, Director of Winsent, commented: “Dibsic will accelerate the development of artificial intelligence in the United States and abroad, and deny domination of artificial intelligence,” commented. “There is no little effect on trading, anything that LLM can already provide for a period of time, and you will do a little low cost base to influence the stock exchange method.”
Why the encryption decreases?
The price of Bitcoin recently fell to less than $ 100,000, as it reached its lowest level in 11 days, amid wider sale in technology shares. This recession was operated by DEPSEK Advertisement on the most affordable artificial intelligence models, which intensified competition in the technology sector and led to a significant decrease in technical stocks.
At the beginning of this week, Bitcoin fell to less than 98,000 dollars, as it tests the SIA moving average for 50 days. All Altcoins followed her followers: ETHEREUM (ETH) tested the level of psychological support of $ 3,000, while XRP formed a long tail, as it decreased to $ 3.05.
NASDAQ 100, which is very likely with technology companies, has witnessed remarkable losses, reflecting investor concerns about the potential Deepseek effect on applicable technology companies.
The cryptocurrency market, especially Bitcoin, showed a strong correlation with technology shares, especially during the market stress periods. As technology shares drop, the bitcoin value also decreased, while highlighting the sensitivity of transformations in the morale of the technology industry.
However, by Wednesday, January 29, 2025, the market appears to be stable. Bitcoin currently returns 1.3 %, and test the level of $ 102,630. Moreover, analysts are still very positive, and some expect that the price of bitcoin this year may reach 200 thousand dollars.
From the fake Trump to the fake symbols Deepseek
This phenomenon has been amplified through recent legitimate encryption initiatives, including the official launch of President Donald Trump, which may have had a similar legitimacy unintentionally. Blockaid reported that Trump’s symbolic fraud has multiplied from 3300 to 6800 per day after the official launch.
The major decentralized financing platforms have implemented preventive measures, as companies such as UISWAP and Dexscreen are cooperating with security companies to liquidate fraudulent symbols. However, the decentralized nature of Blockchain technology makes it difficult to prevent such fraud.
As of the time of the press, the unique fake Deepseek size decreased to two million dollars, although thousands of wallets still carry unauthorized assets. This incident is a flagrant reminder of the risks in the encrypted currency markets, especially during periods of intense speculation about emerging technologies.
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Why is the Silicon Valley afraid of Dibsic?
Silicon Valley is concerned about Deepseek because the Chinese startup has disrupted the scenery of artificial intelligence by offering advanced models in a small part of the cost. Unlike American -based American companies, Deepseek has taken advantage of the widely available NVIDIA H800 chips to develop artificial intelligence models that were reported 50 times cheaper than Openai.
This cost efficiency, along with an open source approach, has raised concerns among American technology leaders about the increasing influence of China in artificial intelligence. The fast -ups of Deepseek, which was confirmed by its assistant, which exceeds ChatGPT in the downloads, indicates a shift in the global artificial intelligence race. Moreover, the Chinese government’s support for Deepseek highlights artificial intelligence as a strategic industry, intensify geopolitical tensions and feeds fears in the Silicon Valley about maintaining dominance in creating artificial intelligence.
“Similar to the main headlines we have seen about quantum computing several months ago, both programs and devices will continue to advance, reduce cost and increase access,” Howard added. “Moreover, in the medium term for encryption, pay attention to the macro and technology numbers due this week to influence the majors, while we see a continuous decline in pricing the distinctive symbols in the AI in the last 7 days that are not necessarily linked to the Deepsek news itself.”
Why the encryption decreases? Instructions
Why the encryption market decreased?
The coded currency market is currently witnessing a contraction due to a group of factors, including the broader sales in technology shares and the impact of the distinctive fraudulent symbol. The last increase and the collapse of the unauthorized Deepseek symbols contributed to increasing fluctuations, and shook the investor’s confidence.
In addition, Deepseek’s disruption to the artificial intelligence sector has sparked concerns about Wall Street, which led to declines in technology shares, which are historically associated with bitcoin and other cryptocurrencies. As a result, Bitcoin has briefly decreased to less than $ 100,000, while Altcoins has tested the main altcoins like Ethereum and XRP main support levels.
Will the encryption rise again in 2025?
Despite the last contraction, analysts are still optimistic about the long -term expectations of the encrypted currency in 2025. Bitcoin has already shown signs of recovery, which bounced into more than $ 102,000. Some analysts expect Bitcoin to reach $ 200,000 by the end of the year, with the support of institutional adoption, potential organizational clarity, and continued demand for decentralized assets. However, market fluctuations remain a major factor, and investors must remain cautious about speculative trends and possible fraud.
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