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· 2Y agoAI tokens daily losses surpass market’s average downturn after DOJ subpoenas Nvidia
Blockchain AI agents category shows steeper 11.1% average intraday decline amid market downturn.
Nvidia got subpoenaed by the US Department of Justice (DOJ) on Sept. 3 as the chipmaker is investigated over potential antitrust law violations. As a result, Nvidia shares are already down 8.3% on the week, and artificial intelligence (AI) tokens are tanking more than average.
While major crypto such as Bitcoin (BTC) and Ethereum (ETH) slumped 4.3% and 4.4% in the past 24 hours, respectively, AI-related tokens tanked 7.1% on average in the period. This is one of the worst daily performances by a crypto category, according to CoinGecko’s data. In the weekly timeframe, their average drawdown is 13.7%.
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