Why are AI crypto coins crashing?
Artificial Intelligence (AI) coins, including Bittensor (TAO), Internet Computer (ICP) and Near Protocol (NEAR), are trading under heavy headwinds as risk-off sentiment spreads across the crypto market. The segment’s total market capitalization has declined by 3.4% over the past 24 hours to $12.5 billion, undermining potential buy-the-dip opportunities.
Meanwhile, the leading AI token, Bittensor, is down nearly 3% intraday, trading at $158 at the time of writing on Monday. Internet Computer is down by almost 7% over the past 24 hours and approximately 20% over the past week. Near Protocol is also navigating immense overhead pressure, trading at $1.01 amid a 6% intraday loss and a 17% seven-day loss.
