Sara Sethiya
27-01-2025
AI coins like Near Protocol (NEAR), Internet Computer (ICP), Render (RENDER), and Filecoin (FIL) have crashed 8-10% today after Chinese AI startup DeepSeek entered the market with cost-efficient AI models, challenging Silicon Valley dominance. The AI coins market has dropped by 10.05% in the last 24 hours, bringing the total market cap to $42 billion, according to CoinMarketCap. Investors are panicking as DeepSeek’s disruptive technology reshapes the AI landscape.
Crypto veteran Arthur Hayes foresees Bitcoin dropping to $70,000, citing a "mini financial crisis" before a mega rally. Currently, Bitcoin trades at $99,279.69, down 5.05% in 24 hours, as the broader market faces selling pressure ahead of the FOMC meeting. Altcoins like Ethereum, XRP, Solana, Cardano, and Dogecoin have corrected 5-10%. With excitement over Trump’s inauguration fading, the market's focus shifts to the Federal Reserve's upcoming interest rate decision this week.
BitMEX CEO Arthur Hayes suggests that DeepSeek AI, China’s OpenAI rival, could steer investors away from US-based assets like stocks and bonds toward global options. On Jan. 27, Hayes shared on X that DeepSeek might reshape investment decisions, as open-source AI has been largely US-dominated via OpenAI. With global counterparts emerging, Hayes believes investors may diversify beyond US influence. Hayes, a former equities trader at Deutsche Bank and Citi, now leads the crypto trading platform BitMEX.
Abstract's highly anticipated mainnet launches tomorrow, January 28, 2025, marking the beginning of the "Year of Abstraction." This groundbreaking blockchain combines advanced technology with a bold vision to simplify adoption for developers and users. Its modular architecture allows customizable chains for diverse industries, including DeFi, gaming, and supply chain. With an eco-friendly consensus mechanism and seamless interoperability, Abstract is set to redefine blockchain innovation and overcome traditional limitations.
TOSHI, currently the 128th biggest cryptocurrency by market cap, has seen impressive gains with its all-time high (ATH) reached just a day ago. The coin’s popularity stems from its connection to Coinbase CEO Brian Armstrong’s cat, which drew attention within the crypto community. The Coinbase listing boosted its growth further. For TOSHI to maintain its upward trend, it must establish a solid support level at $0.00100 to secure investor confidence and future price growth.
Sara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.
Sara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.
Owned by:-
DCG Tech FZCO, UAE
Delivery Partner:-
Gabbar MediaTech Pvt Ltd.
Copyright © 2025 Coin Gabbar. All Rights Reserved.
