The Bitcoin price dropped 6% on Jan. 27 when stock markets responded to the debut of China’s open-source, highly efficient AI model that investor Marc Andreessen dubbed “AI's Sputnik moment.” DeepSeek spooked US markets on news that the model’s developers were able to produce a worthy competitor to American AI firms like OpenAI at a fraction of

Bitcoin on Monday fell below its $100,000 milestone for the first time in a week, as Chinese startup DeepSeek raised prospect of cheaper artificial intelligence models, sparking a tech selloff and weighing on broader investor sentiment.