Here is what happened yesterday in the crypto market:
Bitcoin and AI Tokens Hit Hard by Market Changes
An ongoing selloff in the crypto market was triggered by concerns surrounding China’s AI advancements, particularly the DeepSeek startup, causing significant drops in Bitcoin and AI-related tokens. Analysts suggest this may create buying opportunities in altcoins like Solana.
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TRUMP Memecoin Gains Attention but Lacks Investment
Although the TRUMP token has drawn considerable attention, it has failed to bring fresh capital into the crypto space, according to Web3 expert Garrison Yang. This highlights ongoing challenges in attracting new investors to the market.
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Analysts View Bitcoin Selloff as a Buy Opportunity
As the market experienced heightened volatility due to technology stock conditions, analysts are suggesting that the recent decline in Bitcoin might signal a buying opportunity, especially as traders await the upcoming FOMC meeting.
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Humanity Protocol Sees Soaring Valuation Amid Rivalry
Humanity Protocol has raised its valuation to $1.1 billion after securing $20 million in funding. This places it in direct competition with Sam Altman’s Worldcoin, showcasing the growing prominence of decentralized identity solutions.
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Elon Musk’s Proposal for Blockchain in Government Operations
Elon Musk is exploring the use of blockchain technology within the Department of Government Efficiency (D.O.G.E) to enhance operational efficiency, marking a potential significant integration of crypto technology in government processes.
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