Bitcoin Plunges Amid Tech Sector Rout After DeepSeek Attack

Bitcoin, the world's leading cryptocurrency, has hit multi-day lows, with its price dropping to around $100,508.10. This decline comes amidst a broader rout in tech stocks, which has been driven by concerns over the impact of a large-scale malicious attack on DeepSeek, a prominent technology service provider.

The attack on DeepSeek has raised concerns about the security of tech infrastructure and the potential impact on tech stocks. As a result, major tech stocks have experienced significant declines, with NVIDIA's stock plunging by 13% in the largest daily opening drop since 2020. This has contributed to a broader sell-off in the US stock market, with the S&P 500, NASDAQ, and Dow Jones indices all opening with negative performance.

The cryptocurrency market has not been immune to the broader market turmoil. Bitcoin has fallen by 1.85%, while Ethereum has dropped by 4.01%. The decline in cryptocurrency prices comes as investors seek safer havens for their assets, such as gold and government bonds.

The impact of the DeepSeek attack on the tech sector and the broader market is still unfolding. As more information becomes available, investors will be watching closely to see how the situation develops and what impact it may have on tech stocks and cryptocurrencies. In the meantime, investors are advised to conduct their own research and consult with financial advisors before making any investment decisions.