🚀🚀 Bitcoin fans, hold on tight!
Nvidia suffered a huge loss in market value, with more than $430 billion evaporated, a drop of 13%. But don't lose heart, there is light ahead! 🎉🎉
Despite the plunge in Nvidia's stock price, the AI crypto token market has emerged as a new force! 🚀🚀 Although Nvidia has always been regarded as the vane of the AI crypto market, this time there is a clear divergence between the two. Nvidia's stock price has fallen 11.16% in the past five trading days, while the AI token market continues to heat up.
On Monday, the chipmaker's stock price plummeted 6.7%, the second largest drop this year. However, in the past year, Nvidia's market value has almost doubled, surpassing Apple and Microsoft to become the most valuable company in the United States. However, now it is no longer glorious, with its market value falling from $3.3 trillion to $2.9 trillion.
But Bitcoin fans don't have to worry! Despite the decline in Nvidia's stock price, the AI crypto token market is in full swing. AI market cap now exceeds $29 billion, and has gained 8.7% in the past 24 hours. Projects like Near Protocol, Fetch.ai, Internet Computer, Render, and The Graph have seen gains ranging from 3% to 25%.
Notably, Nvidia's share price decline was not accompanied by major negative news. Recent stock sales by President Jensen Huang and other executives have raised concerns, but analysts say these sales were expected and not cause for undue concern. $BTC
