{"id":62362,"date":"2025-11-04T19:34:47","date_gmt":"2025-11-04T19:34:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bittensor-tao-plunges-16-amid-broader-crypto-sell-off\/"},"modified":"2025-11-04T19:34:47","modified_gmt":"2025-11-04T19:34:47","slug":"bittensor-tao-plunges-16-amid-broader-crypto-sell-off","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bittensor-tao-plunges-16-amid-broader-crypto-sell-off\/","title":{"rendered":"Bittensor (TAO) plunges 16% amid broader crypto sell-off"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bittensor-tao-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bittensor-tao-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bittensor-tao-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bittensor-tao-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bittensor\u2019s token plunged 16% in 24 hours to hit lows of $389.<\/li>\n<li>Losses for the top artificial intelligence coin came amid profit-taking following a recent spike.<\/li>\n<li>Fed\u2019s hawkish stance, the Balancer exploit, and AI-capital rotation has fueled risk-off sentiment.<\/li>\n<\/ul>\n<p>Bittensor\u2019s native token, TAO, has tumbled 16% over the past 24 hours, dipping to lows of $389 as it outpaced the artificial intelligence sector\u2019s overall decline of 9%.<\/p>\n<p>Losses for Bittensor came as Bitcoin slipped to near $100,000, and the total market capitalization dropped to under $3.4 trillion.<\/p>\n<p>While analysts remain bullish for BTC and the broader market, investors are grappling with a confluence of macroeconomic pressures.<\/p>\n<p>Sector-specific headwinds are also in play and could add to declines driven by panic selling.<\/p>\n<h2>Bittensor\u2019s TAO plunges amid profit-taking<\/h2>\n<p>Bittensor is a decentralized machine learning protocol that incentivizes collaborative AI model training through its blockchain.<\/p>\n<p>The native token TAO\u2019s price has <a href=\"https:\/\/coinjournal.net\/news\/bittensor-price-pops-18-to-lead-top-gainers-what-next-for-tao\/\">outperformed recently<\/a>, tapping into gains for AI-related stocks like Nvidia.<\/p>\n<p>However, the token\u2019s value cratered to $3.89, marking a 16% intraday loss.<\/p>\n<p>Bulls have attempted a recovery, but the price hovers at $400, down from highs of $488.<\/p>\n<p>Meanwhile, trading volume surged 17% to $712 million, a scenario that reflects the heightened panic selling.<\/p>\n<p>Like across the broader market, this comes as retail and institutional holders liquidate positions on jitters around the waning AI-driven rally.<\/p>\n<p>The plunge appears exacerbated by profit-taking following the <a href=\"https:\/\/coinjournal.net\/news\/deutsche-digital-assets-and-safello-launch-staked-bittensor-etp\/\">launch<\/a> of Europe\u2019s first staked TAO exchange-traded product (ETP) by Safello.<\/p>\n<p>It initially sparked a major rally, but bulls have since failed to sustain momentum.<\/p>\n<h2>Broader crypto market sell-off<\/h2>\n<p>The cryptocurrency ecosystem has suffered a substantial loss, with over $250 billion evaporating in market value within 24 hours, culminating in a 5.8% contraction in overall market capitalisation to $3.4 trillion.<\/p>\n<p>Bittensor\u2019s underperformance against Bitcoin, down 6% to near $100,000, and top altcoins, in relative terms, highlights TAO\u2019s vulnerability in a risk-off environment.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> is at a critical level.<\/p>\n<p>Multiple closes below the 50W would confirm the top being in as it always has each cycle.<\/p>\n<p>Regardless of whether the top is in, or if we go slightly higher, I still think 2026 will be a bear market, just like all prior midterm years. <a href=\"https:\/\/t.co\/4T9fAsQchs\">pic.twitter.com\/4T9fAsQchs<\/a><\/p>\n<p>\u2014 Benjamin Cowen (@intocryptoverse) <a href=\"https:\/\/twitter.com\/intocryptoverse\/status\/1985771197460558099?ref_src=twsrc%5Etfw\">November 4, 2025<\/a><\/p>\n<\/blockquote>\n<p>Sentiment is in the fear zone.<\/p>\n<p>This outlook sees Ethereum down 8% to $3,340, breaching key support at $3,550 and erasing 18% over the week.<\/p>\n<p>Solana and XRP have also posted key losses, and liquidations across derivatives markets exceeded $1.13 billion.<\/p>\n<p>A lot of the downbeat sentiment is the reaction to Federal Reserve officials\u2019 remarks that have cut bets for a December rate cut.<\/p>\n<p>Meanwhile, Wall Street jitters have seen US spot Bitcoin and Ethereum ETFs log four consecutive days of outflows.<\/p>\n<p>The <a href=\"https:\/\/coinjournal.net\/news\/balancers-70-million-breach-exposes-defis-fragile-foundation\/\">Balancer crypto hack<\/a> incident also dented sentiment.<\/p>\n<blockquote>\n<p>\u201cThe latest $128M Balancer exploit is a reminder of something fundamental: most smart contracts today rely on audit-based hope. Developers write complex code, auditors review it, and everyone hopes there are no hidden logic flaws. But hope isn\u2019t assurance,\u201dBitcoin finance platform Blockstream <a href=\"https:\/\/x.com\/Blockstream\/status\/1985462236320841832\" target=\"_blank\" rel=\"noopener\">noted on X<\/a>.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bittensor-tao-plunges-16-amid-broader-crypto-sell-off\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bittensor\u2019s token plunged 16% in 24 hours to hit lows of $389. Losses for the top artificial intelligence coin came amid profit-taking following a recent spike. Fed\u2019s hawkish stance, the Balancer exploit, and AI-capital rotation has fueled risk-off sentiment. Bittensor\u2019s native [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":62363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/62362"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=62362"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/62362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/62363"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=62362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=62362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=62362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}