Tag: Market analysis
DeepSeek Storm: Major Wealth Losses for Billionaires in the U.S. Stock Market
The Chinese AI startup DeepSeek has caused significant turmoil in the U.S. stock market, leading to substantial losses for many prominent billionaires. One of the hardest-hit companies was Nvidia. As Nvidia’s stock plummeted by 17%, the company’s market value saw a record decline of $589 billion. This resulted in a $20.1 billion drop in the
Litecoin (LTC) price surges 25% following Grayscale’s spot ETF application
Litecoin (LTC) has experienced a remarkable 25% price increase this week. This surge follows the announcement of Grayscale’s application for a spot Litecoin ETF. As a result, institutional investors have shown significant interest, validating the strategies of long-term holders (LTHs). This development also provides a buffer against market fluctuations. The Impact of Long-Term Holders Long-term