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The market crash happened suddenly because of several factors. One major reason is the introduction of Deepseek, China's competitor to ChatGPT. This has caused significant negative effects on the US stock market and the global financial markets.
Since the entire world’s stock markets were crashing, the crypto market also experienced a considerable drop that day.
As all sectors have taken a hit, it will take some time for the market to recover to its previous levels.
#crypto #btc #eth #hold