AI-Linked Crypto Market Cap Fell About $2.6 Billion in October

The combined market capitalization of AI-linked crypto assets fell about 16% from Oct. 3 through Oct. 31, a $2.6 billion decline as selling in AI-related U.S. stocks weighed on the market.

The group’s market capitalization was about $16.32 billion on Oct. 3 and $13.72 billion on Oct. 31. The $2.6 billion figure reflects a decline in market value.

NEAR, the largest AI-linked crypto asset by market value, fell more than 16% over the same period, reducing its market capitalization by more than $200 million. Apple earnings, the U.S. midterm elections and key economic data may draw market attention in November.