Crypto sees selling as AI stocks slump, but market holds up relatively well

A sell-off in AI-related stocks tied to the U.S. midterm election results is spilling into crypto markets, while crypto has held up relatively well amid the turbulence, CoinDesk reported, citing Wintermute OTC trader Jasper De Maere. De Maere cautioned against reading too much into a single day of selling. Amid the disruption in AI-related equities, De Maere said broader crypto adoption continues to reinforce the long-term outlook. In the short term, De Maere said the market still bears watching, while the medium- to long-term view remains positive. With cross-asset correlations still high, De Maere added investors should watch for undervalued opportunities that may emerge over time.