Bittensor's TAO token rose 5% to reach intraday highs of $241, driven by a rally in AI-linked cryptocurrencies. The surge comes as the broader AI crypto sector, including tokens like Render and Virtuals Protocol, experienced notable gains. Traders are eyeing a potential breakout above the $240 level, supported by improving market sentiment and macroeconomic factors.
The rally in AI tokens coincides with Bitcoin surpassing $90,000 and Ethereum reaching $3,000, as risk assets gain momentum ahead of key macroeconomic events. Increased trading volumes and heightened open interest in futures markets indicate strong retail interest in TAO. The token's architecture, which incentivizes AI model contributions, continues to attract attention, with technical indicators suggesting a bullish outlook.
The broader AI crypto segment, including tokens like RENDER, VIRTUAL, and FET, saw gains between 5% and 9%, highlighting the sector's strength. As large holders show interest and asset managers introduce AI-focused investment products, the AI narrative remains a key driver for Bittensor and its peers.
Bittensor (TAO) Gains 5% Amid AI Crypto Surge
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