Cryptocurrency mining stocks listed on the US stock market have experienced consecutive days of value losses. In contrast, concerns about valuations following the Chinese AI model DeepSeek have prompted technology giants to show signs of recovery. Nvidia’s shares notably rebounded with an 8.8% surge after a previous day’s drop of 17%. Bitcoin 
$105,040 has stabilized above the $100,000 mark, but uncertainty rises as the Federal Reserve maintains its stance against interest rate cuts.
Cryptocurrency Mining Companies Continue to Decline
Recently, the cryptocurrency mining sector has faced a challenging week. Riot Platforms (RIOT) saw a 4.37% decrease, hitting its lowest level in the past week. Cleanspark (CLSK) and MARA Holdings (MARA) also fell by 2.47% and 0.14%, respectively. Experts emphasize that the shift of miners’ computational power towards AI models has significantly contributed to this decline.
Rising mining difficulty and intensified competition are pushing companies to consider alternative revenue models. Particularly, server capacities leased for AI training are diminishing the profitability of cryptocurrency mining. This undermines investor confidence in the sector, further complicating stock volatility.
Tech Giants and AI Altcoins at a Crossroads
The US technology index S&P 500 marked one of its largest daily gains in history. Tech giants such as Apple rose by 3.65%, Microsoft by 2.87%, and Meta by 2.17%, signaling a positive market response. Despite DeepSeek’s intense competition with OpenAI, US companies have started to recover significantly.
The steep decline of AI altcoins continues, with the sector’s total market value dropping by 5.11% to $42.33 billion within 24 hours. Venice Token (VVV) was among the hardest hit, plummeting by 20.29%. The focus remains on whether Bitcoin can maintain its position above $100,000, as investors tread cautiously ahead of the Fed’s interest rate decision.
