Crypto News

PRESS RELEASE. Geneva, Switzerland, January 27, 2025 – TRON DAO has officially announced the launch of the TRON Portal by Messari, making it the third blockchain to join the Messari Portal program. This innovative dashboard is a public resource, providing real-time insights and key metrics on the TRON network, designed for users of all technicalSource link

By Omkar Godbole (All times ET unless indicated otherwise)Last week, we described bitcoin above $100,000 as a coiled spring ready to unleash energy in either direction. Unfortunately for the bulls, that energy is being released downward as market sentiment shifts in response to concerns over the impact of the low-cost Chinese AI startup DeepSeek on the U.S. AI sector and American technological leadership.Bitcoin plummeted to $97,800 during Asian trading hours, with whales driving prices lower to liquidate overleveraged buyers on perpetual futures exchanges. GPU-heavy AI tokens saw sell-offs of up to 40%, with similar pressure affecting GameFi assets. Nasdaq futures tanked 700 points, with shares in chipmaker Nvidia (NVDA) indicated 10% lower in pre-market trading. DeepSeek-R1 is expected to significantly...

Bitcoin (BTC) fell just below $98,000, a near 10% drawdown from all time highs, with investors questioning the continuation of the bull run. The fall was attributed to the concerns about China's DeepSeek Artificial Intelligence hyper-efficient model competing with the U.S. industry at a fraction of the cost.Since President Trump won the U.S. election, bitcoin has jumped from $66,000 to new all-time highs of $109,000. During the rally BTC corrected as much as 15% twice, in addition to multiple double-digit drawdowns. Therefore, bitcoin's 10% drop seems in line with previous drawdowns.A reliable indicator of support during a bull market is the short-term holder cost basis, which is the average on-chain cost for coins that have moved within the last 155...

New York, New York, 27th January 2025, GamingWireSource link

Bitcoin (BTC) market sentiment has turned bearish, with Wall Street's tech-heavy Nasdaq futures trading 700 points lower. The risk aversion is driven by concerns that the cost-effective Chinese artificial intelligence startup DeepSeek could significantly challenge U.S. technological dominance.Bitcoin's perpetual futures funding rates, periodic payments made between long and short positions in perpetual futures contracts, have flipped negative, according to data source Velo Data. It's a sign of more bearish sentiment in the market - traders are chasing short positions in anticipation of lower prices.The leading cryptocurrency by market value has dropped over 3% since early Asian hours, reaching lows under $98,000 at one point, according to CoinDesk data. Futures tied to Nasdaq have dropped over 3.5%, with NVIDIA, the bell-wether...