The entry of DeepSeek into the market has caused a seismic shift in the cryptocurrency landscape, causing wide-scale volatility and significant capital outflows. Ripple effects were felt across multiple sectors, with crypto mining stocks bearing the brunt of the impact. Investors scrambled to reassess their positions. Market sentiment turned bearish within hours.
Tech Giants Show Resilience Amid DeepSeek Scare
Major US technology stocks remained surprisingly resilient during the uncertainty within the cryptocurrency space. Companies such as Nvidia, Apple, and Amazon were able to bounce back strongly. Their recovery was a stark contrast to the crypto market’s struggles. The divergence between traditional tech and digital assets was apparent throughout the trading session.
Bitcoin And Ethereum ETFs Face Massive Withdrawals
The turbulence was particularly challenging for cryptocurrency investment products. Spot Bitcoin ETFs, which had thrived with inflows amounting to nearl
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