# **AI Crypto Coin Market Capitalization Drops 27% Due to Bitcoin Correction**
The *artificial intelligence* (AI) crypto token experienced a market capitalization decrease of up to 27% or to US$24.5 billion in the last 24 hours. This happened because the price of Bitcoin (BTC) fell drastically to US$94 thousand in the same time frame.
It is known that the top five AI coins experienced a significant decline, including NEAR Protocol (NEAR) down 27.6%, Internet Computer (ICP) down 27.1%, Bittensor (TAO) 29.3%, Render (RENDER) 30.1%, and Artificial Superintelligence Alliance (FET) down 28.9%.
Meanwhile, Virtuals Protocol (VIRTUAL) became trending because it fell drastically by 50% from a price point of US$2.35 to US$1.23 on Friday (31/01).
Thus, the AI crypto token has dropped by almost 30% in the last 24 hours. In addition, Bitcoin also experienced a correction of up to 6.7% in the same time and the presence of DeepSeek AI, an AI chat platform, worsened the situation of the AI crypto token.
