The launch of the DeepSeek platform has led to significant changes in the crypto asset market, resulting in $534 million outflows from ETPs, primarily affecting Bitcoin and Ethereum. Meanwhile, XRP showed a positive trend.
DeepSeek's impact on the crypto market
The recent launch of the AI platform DeepSeek coincided with $534 million exiting crypto exchange-traded products (ETPs). This caused notable shifts in asset segments such as Bitcoin and Ethereum.
Bitcoin and Ethereum behavior
Bitcoin ETPs recorded $457.6 million in exits, while Ethereum lost $136.2 million. These losses offset the $1.9 billion inflow recorded at the start of Donald Trump's second-term presidency. Key experts link these activities to the release of DeepSeek.
XRP's role in market changes
Amid the general decline, XRP stood out with a positive dynamic, attracting $2.1 million in inflows. Blockchain data shows that large wallet holders added 120 million XRP tokens, indicating beneficial accumulation during price downturns.
Events surrounding DeepSeek emphasize the crypto market's sensitivity to external factors. XRP stood out amid the global decline. It is important to monitor further changes and market stabilization.
