# Crypto Market Capitalization Fell 9.1% as AI Capex Hit $230 Billion

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/53856
Published: 2026-11-11T11:02:44.000Z
Updated: 2026-11-11T11:02:44.000Z
Section: Investing

> U.S. spot Bitcoin funds posted about $516 million in net outflows, while Ether funds posted about $1.6 billion. Five major AI spenders’ third-quarter capex exceeded their $199 billion in operating cash flow.

Crypto market capitalization contracted 9.1% in October to $2.70 trillion, amid U.S. spot fund outflows and a technology-stock selloff tied to AI spending and debt concerns.

Inflation pressure and rising odds of a December Federal Reserve rate hike also shaped the market backdrop.

U.S. spot Bitcoin (BTC) exchange-traded funds had about $516 million in net outflows during October. Ether (ETH) funds recorded about $1.6 billion in net outflows.

The five largest AI spenders had $230 billion in capital expenditures during the third quarter of 2026, 2.2 times their spending a year earlier. Their capex also exceeded their combined $199 billion in operating cash flow, while their free cash flow was negative $32 billion.

AI inference demand continued to grow, but revenue at crypto inference providers remained small.