AI-Linked Crypto Tokens Underperform as Apple's Event Fails to Impress Traders

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Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

Apple shares tumbled nearly 2% as tech giant unveiled its AI plans during the annual developers event.TAO, which includes tokens with AI-related utilities, was one of the worst-performing sectors among digital assets, losing 2.

5% in market value during the day and underperforming bitcoinThe decline happened as expectations were high for the tech giant to reveal its AI plans and how it would weave artificial intelligence into its offerings at this week's Apple Worldwide Developers Conference . The firm on Mondayin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.

 

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