$920 Billion Wiped Out of the Crypto Market in Just 24 Hours

• $920 billion wiped out of the crypto market due to AI, Fed policy, and tech sell-offs.
• Bitcoin falls below $100K as the crypto market faces tech-linked volatility.
• Fed’s interest rate stance dampens risk appetite, extending crypto losses.

Within the last 24 hours, a massive $920 billion was wiped out of the cryptocurrency market. 

This decline is closely linked to a broader sell-off in the technology sector. The recent launch of a free, open-source AI model by Chinese startup DeepSeek has intensified competition in the tech industry, leading to substantial losses in U.S. tech stocks. This development has had a ripple effect on cryptocurrencies, which often move in tandem with tech equities.

Bitcoin, the leading cryptocurrency, fell below $100,000, reaching an 11-day low. Other major cryptocurrencies, including Ethereum, XRP, Solana, and Dogecoin, also faced significant declines. Analysts suggest that the high correlation between Bitcoin and tech stocks, particularly the Nasdaq 100, has fueled this downturn.

Additionally, market sentiment has been influenced by expectations regarding U.S. Federal Reserve policies. Investors are anticipating that the Fe…

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