The crypto market experienced a significant decline, with altcoins, particularly AI tokens like HBAR, being hit the hardest. HBAR, specifically, dropped below key support levels and entered a consolidation range. Technical indicators suggest that investor confidence in HBAR's near-term performance is dwindling, with reduced capital flowing into the project. The bearish trend is further supported by indicators like Moving Average Convergence Divergence and Parabolic SAR. HBAR currently trades at $0.305, losing 9.46% in the past day. The flash crash was triggered by developments related to China's DeepSeek, which is seen as a competitor to US tech industry players like ChatGPT. This news caused panic selling and contributed to double-digit declines in various digital assets. Analysts anticipate a swift rebound after the crash, but caution is advised due to the wild volatility of the market. Bitcoin, on the other hand, managed to recover and reclaim $100,000.



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