DeepSeek Launch Triggers $534M Outflow, Sparking Volatility in Bitcoin and Ethereum While XRP Experiences Inflows
The recent launch of DeepSeek has profoundly affected the cryptocurrency landscape, resulting in significant outflows and market turmoil. This unexpected volatility comes as investors grapple with the implications of new fintech innovations in the crypto sector. James Butterfill, Head of Research at CoinShares, stated, “Yesterday’s rout in the markets caused by the DeepSeek news caused … Read more