💵 💴 💶OpenAI CEO Speaks for the First Time About DeepSeek’s AI Breakthrough💴 💶
China-based AI startup DeepSeek has shaken up the AI sector, causing a market loss of over $1 trillion globally. DeepSeek’s cost-efficient V3 model has surpassed OpenAI, reaching the No. 1 spot on the Apple App Store. The company’s R1 model costs less than $6 million, raising concerns about the sustainability of the business models of U.S. tech giants that have invested billions in similar technologies. This development has put significant pressure on AI research models that rely on large capital investments.
Is the Ripple vs. SEC Battle Over?
In a surprising turn of events, the SEC has seemingly withdrawn its lawsuit against Ripple without making an official announcement. References to the case have been removed from the commission’s website, although other crypto-related lawsuits remain visible.
GLOBAL MARKETSThe U.S. dollar has maintained its value against other currencies as investors shift from safe-haven assets like the Japanese yen back to the dollar. The Trump administration’s statements on tariffs have also supported the dollar. According to a White House announcement yesterday, the plan to impose tariffs on Canada and Mexico on February 1 remains in effect. The statement also indicated that Trump is still considering tariffs on China.
Technical Overview
DXY
Bitcoin initiated an uptrend with Trump officially taking office, reaching as high as $109,000. Setting a new all-time high, BTC is expected to extend its bullish trend to $123,194 with daily closes above the $108,286 region.
Resistance: 118,500 / 123,550 / 131,029
Support: 108,985 / 92,000 / 88,362
BTC/USD
Bitcoin surged to $109,000 following Donald Trump’s official return to office, but faced selling pressure after failing to sustain above the $108,286 level. If BTC closes above the $108,186 resistance, it could climb further to $123,194.
Resistance: 108,985 / 118,500 / 123,550
Support: 92,000 / 88,362 / 80,598
ETH/USD
Ethereum has seen a long-awaited rise, reaching $3,400. The next critical resistance zone to monitor is $3,539. A strong breakout above this level could further sustain Ethereum’s uptrend.
Resistances: 3,539 / 4,086 / 4,782
Supports: 3,110 / 2,808 / 2,134
NASDAQ
The NAS100 index has experienced a sharp pullback in response to the launch of China’s AI initiative, reflecting significant pressure on U.S. indices. The major support level to watch on the index is $19,643. Losing this level could intensify the selling pressure on the index.
Resistance Levels: 22,143 / 25,320 / 26,979
Support Levels: 19,643 / 17,681 / 16,303
BRENT
Brent oil is in recovery mode, reclaiming its previously lost channel. Having broken above the 76.98 resistance, the price is likely to target the 85.00 range. The critical support level is 72.37, which should hold to maintain the uptrend.
Resistance Levels: 80.00 / 85.84 / 95.53
Support Levels: 76.15 / 70.17/ 69.99
EURUSD
The Euro formed a double top at the 1.11 level and entered a downtrend. After breaking below the 1.10 support, it has retreated to the lower band of its channel at 1.0367. Buyers may step in at this critical support, but a break lower could see further declines to 1.018.
Resistance Levels: 1.0575 / 1.1043 / 1.1213
Support Levels: 1.0180 / 0.9936 / 0.9542
XAUUSD
Gold, after initiating an upward momentum, experienced a pullback from the 2787 resistance zone and lost its current support level. A close below this area is expected to maintain the selling pressure on gold.
Resistance Levels: 2760 / 2790 / 2800
Support Levels: 2717 / 2763 / 2666
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