As reported by Crypto.News, Internet Computer (ICP) and NEAR Protocol (NEAR) led the decline among top AI-related cryptocurrencies on Nov. 11, falling 7.6% and 8% respectively. The selloff followed a 3% drop in Nvidia's stock after SoftBank Group sold its entire $5.8 billion stake in the company. The AI token category saw a 7% market cap decline, outpacing the broader crypto market's 2% drop. Bittensor, RENDER, and The Graph also fell, as negative sentiment spread to crypto mining stocks like CoreWeave, which dropped over 16%.
Internet Computer and NEAR Lead AI Crypto Selloff After Nvidia Slump
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