**Crypto Market Faces Sharp Downturn in AI and Big Data Tokens**

The cryptocurrency market took a hit as AI and big data-related tokens lost $4.69 billion in market cap over three days. From $38.82 billion on Sept. 30, the market fell to $34.13 billion by Oct. 3, challenging the anticipated "UPtober" trend.

- **Key Tokens Affected**:

- Near Protocol (NEAR): Down 14.88%, now at $4.61.

- Bitensor (TAO): Fell 9.37%.

- Internet Computer (ICP): Dropped 13.35%.

- Render (RNDR): Down 13.64%.

- Artificial Superintelligence Alliance (FET): Down 16.68%.

Despite October's historical gains, 2024 is shaping up to be "Octo-bear." Broader market challenges include geopolitical tensions, regulatory hurdles, and macroeconomic concerns.

However, AI tokens still fare better than in July, when the market cap was around $20 billion. The long-term outlook for Bitcoin and altcoins remains cautiously optimistic, though short-term volatility is expected.