The triggers that will decide AI crypto’s next move: Apple earnings and midterm elections

October was a reality check for AI crypto as AI-driven FUD hit risk sentiment. Concerns around high AI spending, higher indebtedness, and the uncertainty of returns have led to a sell-off in AI-related stocks spilling into cryptocurrency. The biggest macro overhang came from late-October earnings reports, which added pressure across U.S. equities. As can be seen below, the top AI stock (Nvidia) lost 10%+ in October, marking its sharpest monthly decline since the 2025 crash. This demonstrates just how much capital flow is influencing AI sentiment right now. From a technical standpoint, the answer looks straightforward. The largest AI-associated crypto by market cap, NEAR Protocol [NEAR], fell over 16% during the same time-frame. It lost over $200 million in market cap.

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