[Lunch Briefing] Apple AI unveiled... AI-related tokens all weaken

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Bitcoin (BTC) price chart as of 1 p.m. on the 11th / Source = Bithumb


Major domestic virtual assets are in mixed performance. At 1 p.m. on the 11th, domestic Bitcoin (BTC) is trading at 95,921,000 won on Bithumb, down 1.36% from the previous day. Ethereum (ETH) fell 1.77% to 5,044,000 won. Tether (USDT) was traded at 1,401 won, up 0.36% from the previous day, and Binance Coin (BNB) was traded at 873,000 won, down 3.27%. Solana (SOL) fell 1.88% to 219,000 won.

The international market is also in decline. At the same time, on CoinMarketCap, BTC recorded $68,336.69, down 1.80% from the previous day. ETH was trading at $3595.15, down 2.36%. USDT is down 0.03% from the previous day to $0.9995, and BNB is down 6.74% to $623.67. SOL was traded at $155.97, down 2.41%.



The total market capitalization of virtual assets is $2.512 trillion (approximately KRW 3460.269 trillion), an increase of $1.467 trillion (approximately KRW 2020.6447 trillion) compared to the same period last year. The fear and greed index of virtual asset data company Alternative.me is in the 'greed' state at 74 points, up 2 points from the previous day.

Since Apple announced its own artificial intelligence (AI) system, related cryptocurrencies have been falling all at once.

According to CoinDesk on the 11th (local time), Apple unveiled its own AI, 'Apple Intelligence', at the annual Worldwide Developers Conference (WWDC) the previous day. However, after the announcement, Apple's stock price fell nearly 2%, and at the same time, AI tokens also showed a downward trend. In the past 24 hours, Render (RNDR), FET, and SingularityNet (AGIX) fell 3-5%, and Bitensor (TAO) fell nearly 6%. Layer-1 network Near Protocol (NEAR) fell 3.2%. Some point out that Apple Intelligence did not meet investors' expectations as it merely upgraded existing functions.

Meanwhile, the CoinDesk Computing Index (CPU), which includes AI-related tokens, fell 2.5% during the day.
Reporter Lee Yeon-ju
juya@rni.kr
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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