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AI breakthroughs trigger market turmoil: BTC falls below $100,000, U.S. stock market capitalization evaporates by $1 trillion
The Interaction between AI and the Crypto Assets Market: Emerging Technologies Trigger Global Market Fluctuation
Recently, the development of AI and the Crypto Assets field has shown an unexpected mutual influence. The breakthrough advancements in AI technology have not only impacted traditional capital markets but also indirectly affected the Fluctuation of the Crypto Assets market.
A Chinese AI large model named DeepSeek has recently surpassed ChatGPT in download numbers on the US App Store, attracting widespread attention in the global technology and investment sectors. This event not only suggests a potential shift in the future global technology landscape but also triggered a brief panic in the US capital markets.
As a result, the stock prices of several tech giants have seen significant declines. A well-known chip manufacturer fell by 5.3%, an ARM architecture company fell by 5.5%, a communication technology company fell by 4.9%, and a semiconductor manufacturer fell by 4.5%. Other chip-related companies such as Micron, AMD, and Intel also experienced varying degrees of decline. Nasdaq 100 futures dropped by as much as 400 points, potentially marking the largest single-day decline in recent times. It is estimated that the market value of the U.S. stock market may have evaporated by over $1 trillion in that day's trading, which is equivalent to one-third of the total market value of Crypto Assets.
The Crypto Assets market closely follows the trends of the US stock market and has also seen a noticeable correction. Bitcoin has dropped below the $100,500 mark, with a 24-hour decline of 4.48%. Ethereum has fallen below $3,200, with a 24-hour decrease of 3.83%.
The panic in the market seems to stem from DeepSeek's success in challenging the traditional AI development model. Unlike mainstream AI companies that require substantial funding and hardware support, DeepSeek has achieved breakthrough progress in less than two years, with 200 employees and development costs of under 10 million dollars. This high-efficiency, low-cost model has prompted the industry to reflect on the current AI development path.
The success of DeepSeek is not only reflected in technological innovation but also in breaking people's inherent perceptions of AI development. By rethinking fundamental approaches, they have achieved performance comparable to or even superior to top AI models while significantly reducing costs and hardware requirements. This innovative approach could reshape the developmental direction of the entire AI industry.
However, despite the success of DeepSeek causing market Fluctuation, experts believe this may drive further development of AI technology. The advancement of open-source models could promote the prosperity of the entire AI ecosystem, while also stimulating the emergence of more innovative AI applications.
Overall, the rapid development of AI technology is profoundly affecting global financial markets, including traditional stock markets and the emerging Crypto Assets market. This influence is not only reflected in short-term market Fluctuation but may also have far-reaching effects on long-term technological development trends. As AI technology continues to evolve, we may see more unexpected market reactions and technological innovations.