The Competition of Artificial Intelligence Chips and the Impact of the Real Estate Crisis on the Global Cryptocurrency Market

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Developments in the technology and real estate sectors are exerting a significant impact on global financial markets. Google’s development of its own AI program has disrupted Nvidia’s leading position and intensified competition. Simultaneously, severe sales in China’s real estate sector have increased investor concerns, causing volatility in global markets.

Collapse in the Real Estate Sector and Market Effects

Vanke, China’s development project, saw bond values drop by approximately 20%, significantly undermining investor confidence. The company’s stock also declined by 6% due to borrowing issues. The uncertainty created by this situation has reshaped risk perception in global markets.

Movements in the Cryptocurrency Market

Bitcoin (BTC) is currently at $92.35K, showing a 1.64% increase in the last 24 hours. Ethereum (ETH) remains stable around $3.14K, with a daily gain of 0.56%. Filecoin (FIL) has risen by 1.50%, trading at $1.48.

XPL is among the coins experiencing a significant decline from initial levels, trading at $0.16. Additionally, Robinhood (HOOD) stock has experienced an unprecedented rally of 207% since the beginning of the year but has recently undergone a 25% correction. Despite limited market activity during the holiday season, macroeconomic factors continue to influence cryptocurrency assets.

BTC3,22%
ETH6,56%
FIL5,59%
XPL3,89%
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