Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Catherine McGrath

Bitcoin tumbles amid broader market jitters over Chinese AI app DeepSeek

(Credit: Justin Sullivan—Getty Images)

Bitcoin fell 7% on Monday alongside a general slide among tech stocks including Nvidia, as China’s new artificial intelligence model sent shock waves through Silicon Valley. 

The original cryptocurrency dipped from $105,000 on Sunday afternoon to a low of $98,000 on Monday morning after large language model DeepSeek rocketed to No. 1 on Apple’s App Store, topping OpenAI’s ChatGPT. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.