Key Points

• The AI token sector declined by 12%, following Nvidia and Tesla stocks’ drop.
• Yesterday, Nvidia stock reached a new ATH amidst the CES 2025 debut.

Today, the AI token sector is down considerably amidst a wider decline of the crypto market that seems to be correlated to US stocks such as Nvidia and Tesla.

AI Token Sector, Down by 12%

The total market cap of the AI coins sector is down by 12% today, and it’s sitting around $47.8 billion, with a 24-hour trading volume of around $5.6 billion, according to data from CoinGecko.

However, the top gainers of the sector remain MAX, up by over 28% today, AgenTensor, up by 56%, and AgentiPy, up by almost 85% today.

The global crypto market is down by over 6% today, suffering a correction due to plummeting US stocks such as Nvidia and Tesla.

Global Crypto Market Drop, Correlated to US Stocks Decline

In a post via X, Greeks.live analyzed today’s crypto market cap correction, highlighting that it comes following a drop in US stocks including Nvidia and Tesla.

Yesterday, Nvidia stock reached a new ATH near $154 followed by a sharp decline today to around $140.

Also, Tesla’s price dropped from January 6 levels of around $423 to around $394 today.

The US stocks decline comes following yesterday’s upward trajectory for Nvidia when the CES 2025 debuted and the tech giant made multiple AI-related announcements.

CNBC noted that the Dow dropped more than 170 points and the Nasdaq lost around 2%, as Nvidia led the tech sell-off.

CNBC said that the company revealed new chips for desktop and laptop PCs that use the same Blackwell architecture. They also noted that Bank of America downgraded Tesla due to high valuation and strategy risks.

In their earlier post via X, Greeks.live noted that while the mainstream market view is affected by the strong dollar and the decline in US stocks, Bitcoin’s bull market is still present.

Bitcoin Trades Above $95,000

At the moment of writing this article, BTC is trading above $95,000, down by over 5% in the past 24 hours.

CoinGlass data shows that in the past 24 hours, BTC liquidations were above $128 million, $111 million in long positions, and $16.7 million in shorts. The overall crypto market recorded $710 million in liquidations in the last 24 hours.

Greeks.live also addressed options data, revealing that short-term IV rebounded slightly but remained at low levels, with the market pricing future volatility unchanged.

The current BTC price drop is a good time for accumulation as the coin remains surrounded by optimism ahead of the Trump administration debut scheduled in less than two weeks.