The crypto market experienced a major downturn on January 27 as an unprecedented tech event coincided with a wider market sale. Nvidia suffered a $600 billion wipeout of its market capitalization, which was the biggest one-day loss ever, due to DeepSeek’s disruptive rise, a Chinese artificial intelligence firm that challenged Nvidia. The ripple effects of this event affected the big tech sector and crypto, with a particular impact on Bitcoin derivatives. Bitcoin futures fell as investors scrambled in order to minimize risk. Why do investors predict that interest in Bitcoin could rebound within one week? Find out the fascinating factors that are behind this expected rebound.
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