The cryptocurrency market, particularly AI coins, is currently experiencing a widespread correction. This is primarily attributed to the substantial derisking activities taking place ahead of the forthcoming Consumer Price Index (CPI) and Federal Open Market Committee (FOMC) announcements.

The anticipation of these key economic indicators has led to a cautious approach among investors, resulting in a market-wide pullback. The impact is notably visible in the AI coins segment, which has been a significant player in the crypto market.

This development highlights the influence of traditional economic indicators on the digital asset market, underscoring the interconnectedness of the two realms. It also serves as a reminder for investors to consider macroeconomic factors when making investment decisions in the crypto space.