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<p>The post <a href="https://coinpedia.org/news/nvidia-crash-leads-to-heavy-sell-off-in-ai-crypto-projects-whats-next/" rel="noopener noreferrer nofollow">Nvidia Crash Leads to Heavy Sell-Off in AI Crypto Projects: What’s Next?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The crypto market continued with initial bearish sentiments on Tuesday during the New York session, which extended today during the early Asian session. The total crypto market slipped 6 percent in the past 24 hours to hover about $2.07 trillion at the time of this writing.&nbsp;</p>
<p>Although the altcoin industry has closely followed Bitcoin (BTC) price action, new developments largely reflected yesterday’s poor crypto performance.</p>
<h2 class="wp-block-heading" id="h-nvidia-loss-reflected-in-other-markets-nbsp">Nvidia Loss Reflected in Other Markets&nbsp;</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Just in:<br><br>The DOJ has officially sent Nvidia <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$NVDA</a> a subpoena regarding its antitrust investigation<br><br>The stock was down over -9% on the day and Bloomberg decided to drop this bombshell story today 24 min after market<br><br>somebody had to know <a href="https://t.co/cSVdXXQ41h" rel="noopener noreferrer nofollow">pic.twitter.com/cSVdXXQ41h</a></p>— Nancy Pelosi Stock Tracker <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/265f.png" alt="♟" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@PelosiTracker_) <a href="https://twitter.com/PelosiTracker_/status/1831071223738224859?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 3, 2024</a>
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<p>A report by media outlet Bloomberg indicated that AI heavyweight Nvidia is under the regulatory radar for possible antitrust violations. Reportedly, the United States Department of Justice (DOJ) sent a subpoena regarding Nvidia’s antitrust violations.</p>
<p>As a result, Nvidia’s stock closed Wednesday trading at $108, down 9.53 percent from the day’s opening price. The Nvidia choppy market continued during the after-hours session, thus resulting in a net loss of nearly $279 billion.</p>
<p>The notable losses in Nvidia trickled down to other markets including Asia’s Nikkei 225 which had plunged 4 percent in the past 24 hours.&nbsp;</p>
<h2 class="wp-block-heading" id="h-ai-related-crypto-projects-heavily-impacted">AI-related Crypto Projects Heavily Impacted</h2>
<p>The notable dip in major stock markets, amid heightened fears of further decline in choppy September, impacted the entire crypto industry.&nbsp;</p>
<p>However, the AI-related crypto projects – led by Bittensor (TAO), Artificial Superintelligence Alliance (FET), Render (RENDER), and The Graph (GRT), among others – were heavily weighed down by Nvidia’s recent losses.&nbsp;</p>
<p>According to the latest data, the AI-related crypto market cap dropped 7.4 percent in the past 24 hours to hover at about $20.6 billion at the time of this writing and a daily average traded volume of around $$1 billion.</p>

Nvidia Crash Leads to Heavy Sell-Off in AI Crypto Projects: What’s Next?

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