China's new AI startup, Deepseek, has caused risk assets, including Bitcoin, to slump as it threatens US dominance in AI. Traders are closely watching Deepseek's cost efficiency and open-source technology, fearing disruption to US equity markets. There has been talk of a Strategic Bitcoin Reserve to counter these risks, but no concrete action has been taken yet. The options market has seen increased activity as traders hedge ahead of the FOMC meeting. QCP Capital expects Bitcoin to hold steady in its current range unless Trump takes aggressive action against China.



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