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Bitcoin (BTC) 
$110,972 price reached 102,000 dollars but has fallen back to 99,000 following a recent announcement from DeepSeek. As cryptocurrency enthusiasts believed all major fears were finally behind them, rumors of a downturn similar to the dot-com bubble are now dampening risk appetites. What could be next, aliens?
DeepSeek and the Cryptocurrency Decline
China-based DeepSeek emerged as a competitor to ChatGPT with minimal costs under 10 million dollars and lower system requirements. With AI excitement, major tech stocks like NVIDIA have gained significantly, reaching immense market values.
NVIDIA has launched new products, while OpenAI has received colossal investments, leading to discussions of tens and hundreds of billions of dollars. If someone claims to create a superior product for under 10 million dollars in a trillion-dollar market, it signals a major issue.
Furthermore, DeepSeek has officially announced another open-source AI model known as Janus-Pro-7B, which was also a reason for the BTC drop.
The image above displays comparisons between Janus and Janus-Pro-7B. Janus-Pro is a unified comprehension and production MLLM, dissecting visual coding for multi-modal understanding and production.
As shown above, image production by Janus-Pro appears remarkably realistic.
