Crypto Drops 6% on AI Tokens, Bitcoin Slips Under $104K

Published: 2025-11-12 02:58:10 |

Cryptocurrency markets experienced broad declines, with the AI sector leading losses at 6.33% in 24 hours. Top AI tokens such as DeAgentAI (AIA), Fetch.ai (FET), and Fartcoin (FARTCOIN) fell by 26.9%, 11.1%, and 11.6% respectively. Bitcoin (BTC) slid 2.6% to trade below $104,000, while Ethereum (ETH) dropped 3.7% under $3,500. Other sectors also retraced: CeFi fell 2.9% despite Aster (ASTER) gaining 1.1%, PayFi retreated 4.6% as Nano (XNO) rose 24.8%, Layer1 dropped 4.8% led by Zcash (ZEC) down 16.2%, Meme tokens declined 4.8%, and Layer2 lost 5.4% with SOON jumping 6.6%. This crypto market slump reflects heightened volatility across sectors in the wider crypto market.

Bearish

The broad-based sell-off, led by a 6% slide in the AI sector and further losses in Bitcoin and Ethereum, signals a bearish turn in the cryptocurrency market. Similar sector-specific corrections, such as the 2021 DeFi dip, triggered short-term volatility and liquidity runs. Traders may face continued downside pressure as risk sentiment weakens, especially in high-beta AI tokens. In the short term, we can expect caution, reduced leverage, and potential capitulation among speculative assets. Over the long term, if market conditions stabilize and on-chain fundamentals remain strong, a recovery could ensue, but current momentum favors sellers.