Bittensor (TAO) Rallies 35%, But Social Sentiment Stays Mixed
Bittensor has enjoyed a sharp surge of more than 35% over the past week, but data indicate the social media crowd is still not overly bullish toward the altcoin. Bittensor Has Broken Out With A Sharp Rally This Month While the wider digital assets sector has been stuck in a phase of consolidation recently, Bittensor has been among the few tokens that have stood out. Since March 8th, the altcoin has jumped by 94%, nearly doubling in value. Related Reading: Bitcoin Whales Go Silent: Large Transactions Plummet The chart below shows how TAO’s recent trajectory has looked: As is visible....
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Bittensor (TAO) ripped as much as 33% after Grayscale filed a Form 10 with the U.S. Securities and Exchange Commission for the Grayscale Bittensor Trust. Related Reading: Friday’s Crypto Crash: The Viral Theory Behind What Really Happened If the filing becomes effective, the trust would begin reporting like a public company (10-K/10-Q with audited financials), […]
On-chain analytics firm CryptoQuant has pointed out how Bitcoin has tended to revisit or stay below the Realized Price in past bear markets. Currently, this level is located at $54,000. Bitcoin Hasn’t Gone Below Realized Price This Cycle In a new post on X, CryptoQuant has talked about what the Realized Price is telling us about Bitcoin right now. The “Realized Price” here refers to an on-chain indicator that keeps track of the cost basis or acquisition level of the average investor on the BTC network. When the spot price of the asset is trading above this metric, it....
Amid a challenging phase for crypto prices, Bittensor (TAO) has emerged as a standout performer, recording substantial gains while the broader market grapples with its continuous downturn. As major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) continue to experience corrections following the flash crash on October 10, TAO has surged by over 40% in the […]
The world of cryptocurrency took another blow this week as Bittensor, a prominent AI-focused project, was forced to halt its network after a series of wallet hacks. Investigators suspect a private key leak may be to blame, raising concerns about the security of the entire crypto ecosystem. Related Reading: Biden’s Crypto Policies Under Fire: Cardano […]
Data shows the social media sentiment around Bitcoin has remained deeply bearish despite the recovery that the cryptocurrency’s price has made. Social Media Data Suggests Retail Still Fearful About Bitcoin In a new post on X, analytics firm Santiment has discussed about how the Positive/Negative Sentiment for Bitcoin has developed on social media following the recent recovery surge in the asset’s price. Related Reading: Ethereum Whale Selloff Continues As Supply Share Drops Under 75% The Positive/Negative Sentiment refers to an indicator that tells us, as its name suggests, how....