The cryptocurrency market saw a significant drop in value as AI and big data-related tokens lost $4.69 billion in market capitalization over three days. Starting at $38.82 billion on Sept. 30, the market decreased to $34.13 billion by Oct. 3, casting doubt on the expected 'UPtober' trend. Despite October typically being a positive month for traders, this year has been dubbed 'Octo-bear' instead. Leading tokens like Near Protocol, Bitensor, and Internet Computer experienced notable declines. This downward trend also impacted tokens like Render and Artificial Superintelligence Alliance. While the broader crypto market has been affected by geopolitical issues and regulatory challenges, AI tokens have still shown improvement compared to July. Although there is optimism for BTC in the long term, short-term volatility may be expected in October. Read more AI-generated news on: https://app.chaingpt.org/news

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