The cryptocurrency market saw a significant rebound on Tuesday, with XRP leading the gains by surging 12%. This came after a sharp decline in U.S. indexes on Monday, triggered by concerns over the valuation of AI investments following breakthroughs from China’s DeepSeek. Bitcoin (BTC) rose nearly 4% in the past 24 hours, recovering from losses that included over $1 billion in futures liquidations. Other major cryptocurrencies like Cardano’s ADA, BNB Chain’s BNB, Solana’s SOL, and Dogecoin (DOGE) also saw increases of up to 9%. Ether (ETH) gained 4.5%, contributing to a 3% rise in overall market capitalization. The market’s downturn on Monday was attributed to DeepSeek’s AI model outperforming industry giants with a budget of just $6 million. Despite initial fears, some traders see this as a buying opportunity for crypto, as the industry isn’t in direct competition with DeepSeek. However, the market remains volatile with upcoming macro data releases and FOMC meetings expected to influence investor behavior.
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