Apple Event Fails to Boost AI-Linked Crypto Tokens

Crypto Slump: Tokens of Render, Fetch.ai, SingularityNET, and Bittensor fell 3%-5% despite stable bitcoin and crypto prices.
Apple Shares Drop: Apple shares declined nearly 2% following the announcement of its AI plans at WWDC2024.
AI Plans Unimpressive: Apple’s unveiling of AI features and partnership with OpenAI did not meet traders’ expectations, affecting AI-adjacent cryptocurrencies.

Render, Fetch.ai, and SingularityNET Decline: AI-linked crypto tokens experienced notable losses, reflecting traders’ disappointment.
Bittensor’s Sharp Fall: Bittensor’s token, TAO, saw a significant drop of nearly 6% over 24 hours.
Near Protocol Affected: Layer-1 network Near Protocol also experienced a 3.2% decline.
CoinDesk Computing Index Performance: The index lost 2.5% in market value, underperforming bitcoin and broader digital assets.
Traders’ High Expectations: The anticipation for Apple’s AI strategy did not translate into positive market movement for AI-linked cryptos.

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