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Cryptocurrency News Articles
The Bullish Freak Back? DeepSeek: A New Player in the Game
Feb 04, 2025 at 01:11 am
Good news finally flows in, after a massive drag down in the crypto market. Most of the crypto exchange-traded products have hit their fourth consecutive week of increasing inflow.
Crypto exchange-traded products (ETPs) have hit their fourth consecutive week of increasing net inflows, finally bringing in good news after a massive drag down in the crypto market.
Last week was exceptional, bringing in more than $527 million in investments. But is the Bullish Freak Back?
Not yet time for a verdict. The market sentiment has fluctuated considerably throughout the last quarter. In the meantime, unnerving economic concerns like Trump’s tariff overlay and more have followed.
DeepSeek: A New Player in the Game
According to Coinshare, the Chinese AI is outperforming chatGPT. Recently, the uncertainty of traditional stocks like Nvidia prompted traders to sell off at a mass scale.
At the start of the week, the crypto market took a big hit in the form of $530 million outflows.
The game changer
Despite the huge sell-off, the market retracted swiftly. In the latter half of the week, over $1 billion in inflows effectively overwhelmed all recent outflows.
The recent recovery is not an exclusive event. Data trends from the past 1-year show that average crypto ETPs received $44 billion in inflows.
Growth rally of Bitcoin
Bitcoin is heading the chart, bearing the baton of ongoing US supremacy in the crypto trading market. Sure, Chinese DeepSeek or Trump’s aggressive Chinese tariff policy impregnated the crypto market with volatility.
But Bitcoin compensated for all of that. Leading inflows of Bitcoin ($474 million last week) is a reflection of US supremacy in the trade.
After the United States, Europe follows with $78 million weekly inflows. Meanwhile, only one concern remains- $43 million in outflows from Canada. But that is likely due to the high trade tariffs imposed by the US.
XRP is also on the move
XRP is complementing the current status of the crypto market with successive inflows. The token is one of the most recent best performers among altcoins this year.
XRP’s year-to-day trade inflow has reached a staggering $105 million.
What prompts this drive?
Recent market research data shows that on-chain activity has taken a path of unflinching growth. Naturally trading volumes are on the rise too.
A Ripple study reviews that overwhelming optimism is the prime reason for such stability around the crypto trading market in the US. The US presidential election and adjacent decisions in support of altcoins and memecoins are proof.
It’s prime time for investors. They must act now. Capitalize on the current price weaknesses. While the market is still adjusting, consider the price weakness as a buying window. Once institutional traders step up, the market will be more stable and so will the prices.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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