Bittensor Plunges 11.45% in Past Day, Extends Weekly Losses

Over the last 24 hours, Bittensor (TAO) has experienced a decline of 11.45%, bringing its current price to $529.75. This decline extends a downward trend, with TAO losing 6.0% in the past week. Bollinger Bands indicate increased volatility, while trading volume has surged by 171.0%. TAO's circulating supply has also grown marginally, representing 31.43% of its maximum supply.

Bittensor Plummets 11.45% in 24 Hours, Extending Weekly Losses

Over the past 24 hours, Bittensor (TAO) has witnessed a precipitous decline in value, tumbling by an alarming 11.45% to $529.75. This sharp downturn exacerbates the token's negative trajectory during the past week, during which it has lost 6.0%, falling from $576.78 to its current level.

The price movements of Bittensor over the past 24 hours (left) and past week (right) are graphically depicted in the chart below. Bollinger Bands, represented by the gray bands, gauge the volatility associated with both daily and weekly price fluctuations. The extent to which these bands widen or the gray area expands at any given moment is indicative of higher volatility.

Notably, Bittensor's trading volume has surged by an impressive 171.0% over the past week. Concurrently, the token's circulating supply has witnessed a modest increase of 0.1% to surpass 6.60 million, representing approximately 31.43% of its maximum supply of 21.00 million. This places Bittensor at a respectable position of #31 in the market cap rankings, with a current market capitalization of $3.49 billion.

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