The total market capitalization of AI-linked cryptocurrency fell by 16% in October, declining from $16.32 billion on October 3 to $13.72 billion on October 31. The $2.6 billion loss followed a correction in AI-related stocks, particularly Nvidia, and disappointing earnings from Intel and Amazon. NEAR Protocol lost more than 16% and over $200 million in market capitalization, erasing nearly half of its 178% gain recorded in September. Apple’s earnings, the U.S. midterm elections and key U.S. economic data will determine whether the sector recovers or declines further in November.
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