DeepSeek R1, a new AI model from the Chinese startup DeepSeek, has rapidly gained prominence, surpassing established models like OpenAI's ChatGPT in performance and becoming the most downloaded free app on the Apple App Store. Developed at a significantly lower cost than its American competitors, R1's success challenges the existing AI market dominance of U.S. companies, sparking concerns and market reactions.

Today we cover details from the launch of the TRUMP cryptocurrency, a meme coin released shortly before Donald Trump's inauguration. The articles discuss the coin's volatile market performance, ethical concerns surrounding its creation and the Trump family's significant ownership stake, and the regulatory challenges faced by exchanges like Coinbase in listing such politically-charged assets.

Join us for today's report on the volatile cryptocurrency market following Donald Trump's presidential inauguration. The launch of Trump-affiliated meme coins, created significant market fluctuations. Bitcoin and other cryptocurrencies experienced mixed performance. Overall, the news indicates a period of high volatility and uncertainty in the cryptocurrency market.

Bitcoin's price surge to over $97,000 on January 14, 2025, following a recent dip below $90,000. This rebound is attributed to factors including lighter-than-expected inflation, anticipated pro-crypto policies from former President Trump, and increased institutional investment. Analysts offer varying price predictions for 2025, ranging from $200,000 to $1 million, though the latter is considered less probable.

Bitcoin's price drop below $94,000 on January 9, 2025, attributing the decline to various factors. These factors include the Federal Reserve's hawkish stance on interest rate cuts, the impending sale of 69,370 seized Bitcoins by the U.S. Department of Justice, and generally cautious market sentiment.

Join us for another exciting episode of The Crypto Report as we look at the price of Bitcoin, its price fluctuations, and indicators that can help us have the best possible ride on this rollercoaster called Bitcoin.

A Bill has been introduced in Texas to establish a strategic bitcoin reserve that would allow the State of Texas to do business, at least taxes, in Bitcoin. What will it mean to the price of Bitcoin when States are coin holders?