Global AI Selloff Hurts Crypto Market Sentiment

Crypto market sentiment weakened as a global selloff hit AI-related stocks, dragging equities and spilling over into digital assets. South Korea’s KOSPI fell 3.7% and Japan’s Nikkei 225 dropped more than 1%, while the Nasdaq Composite traded below its flat line. Total crypto market capitalization slipped by more than 0.5% to around $2.73 trillion, and Bitcoin moved in a range of about $82,446 to $81,107. The CME FedWatch tool showed expectations for another quarter-point rate hike in October at 14.9%, with the next FOMC meeting 8 days away. The Crypto Fear and Greed Index slid to 48 from 49, and 24-hour liquidations totaled $157 million.