Dogecoin, Elon Musk's favorite meme coin, experienced a drop in price, falling below the $0.31 mark, the lowest price in 2025. Other top 10 cryptocurrencies such as Solana and Cardano also saw declines. Meme coins tend to be highly volatile, particularly when Bitcoin's value decreases. The Chinese AI startup DeepSeek's release of a new language model affected the crypto market, causing many investors to sell their stakes in American AI-related companies. Bitcoin is currently trading at $101,370 after a 3% drop in the past day.



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