cryptd.in

Εναλλακτική LinkedIn για τα ταλέντα που είναι φιλικά προς την κρυπτογράφηση

Bittensor (TAO) Collapses 20% Daily: Here’s What Happened

-

από

cryptd.in
στο

The broader cryptocurrency market has staged an evident revival over the past 24 hours, with multiple leading digital assets well in green territory.

For instance, altcoins like Zcash (ZEC) and Dash (DASH) have pumped by 20-30% on a daily basis, while Arbitrum (ARB) and Hyperliquid (HYPE) have posted more modest gains of 5-6%. However, some, like Bittensor (TAO), have tumbled by double digits.

The Biggest Loser

TAO is the worst-performing cryptocurrency (at least in the top 100) today, with its valuation briefly sinking to $253, the lowest since mid-March. Currently, it trades at around $263 (per CoinGecko), down 20% from yesterday’s figure. Its market capitalization fell to approximately $2.5 billion, and now TAO is the 38th-largest cryptocurrency.

TAO Price
TAO Price, Source: CoinGecko

The price decline was likely triggered by Covenant AI’s departure from the Bittensor network. The entity is a research group focused on building decentralized AI models, best known for creating Covenant-72B.

Covenant AI left Bittensor after claims that one person, co-founder Jacob Steeves, held too much control over key decisions. In their official message, they insisted that emissions to their subnet were suspended, their permissions were removed, and changes were made without their involvement, which they saw as proof of centralized governance.

The news captured the attention of numerous crypto commentators. X user Ash Crypto claimed that, in addition to leaving Bittensor’s network, Covenant AI has reportedly sold 37,000 TAO worth more than $10 million.

X user Ardi spotted another interesting development surrounding the cryptocurrency. He υποστήριξε το that 24 hours before the news, sell volume hit its highest level since December 2024.

“If you think that’s a coincidence, you don’t understand the game you’re playing. This was a calculated exit and execution. The wallets that already knew what was coming were unloading into the breakout attempt yesterday, using that strength to nuke millions in size well before the headline hit the market.”

Ardi warned traders and investors to be careful, noting that they operate in a market where information is “uneven, positioning is predatory, and you are exiting liquidity until you understand the game being played.”

Buying Opportunity?

TAO’s performance may be unsatisfactory, but some analysts, like Crypto Tony, είπε το it only gives opportunity vibes.”

The asset’s Relative Strength Index (RSI) signals a short-term rebound could indeed be on the horizon. The technical analysis tool measures the speed and magnitude of recent price changes and runs from 0 to 100.

Ratios below 30 indicate that TAO is oversold and ready for a potential resurgence, whereas anything under 70 is considered a precursor of a correction. As of this writing, the RSI stands at a mere 16.

TAO RSI
TAO RSI, Source: RSI Hunter

Η θέση Bittensor (TAO) Collapses 20% Daily: Here’s What Happened εμφανίστηκε για πρώτη φορά στο CryptoPotato.

Σχόλια

Αφήστε μια απάντηση

Η ηλ. διεύθυνση σας δεν δημοσιεύεται. Τα υποχρεωτικά πεδία σημειώνονται με *

Τελευταίες τροφοδοσίες

Δημοφιλείς κατηγορίες

el Ελληνικά
el Ελληνικά en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Αναζήτηση στον ιστότοπο

Δημοφιλείς ιστορίες

Ετικέτες

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (434) #BitcoinETF (3) #BitcoinΒασικά στοιχεία (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Δοκιμές (1) #BTCαπόκτηση (1) #BullishPrediction (1) #BullishSentiment (1) #ChineseMining (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (73) #DogecoinGains (1) #DogecoinΌγκος (1) #DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (69) #EthereumPain (1) #EthereumPrice (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) 1TP5FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) 1TP5Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #LegalAction (1) #LegalImpact (1) #Νομοθεσία (1) #LightningNetwork (1) #MΑνάλυση αγοράς (3) #MΠαρακολούθηση της αγοράς (1) #MΠρόβλεψη αγοράς (1) #MΠροβλέψεις για την αγορά (1) #MarketProjection (1) #MarketSupport (1) #Mμεταβλητότητα της αγοράς (1) #MΓάμος (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitability (1) #MoneyLaundering (2) #MtGox (4) #NorthKoreaCrypto (1) #NovogratzΠρόβλεψη (1) #PriceMilestone (1) #PricePrediction (2) #PriceQuestion (1) #PriceSurge (1) #PrisonSentence (1) #QuantAnalysis (1) #RegulatoryPressure (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialBuzz (1) #Tτεχνικήανάλυση (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRΤιμή (1) #XRPupswing (1)

Χρήσιμοι σύνδεσμοι

Σύνδεσμοι που βρήκα χρήσιμους και ήθελα να μοιραστώ.