• Bitensor tokens plummeted 16% in 24 hours, hitting a low of $389.
• The highest synthetic intelligence coin’s losses occurred amid profit-taking after a latest rally.
• The Fed’s hawkish stance, abuse of balancers, and AI-driven capital rotation are fueling risk-off sentiment.

Bitensor’s native token, TAO, fell 16% up to now 24 hours, outpacing the 9% decline within the total Synthetic Intelligence sector, hitting a low of $389.

Bittensor suffered losses as Bitcoin fell to almost $100,000 and its market capitalization fell beneath $3.4 trillion.

Analysts stay bullish on BTC and the broader market, however buyers are grappling with overlapping macroeconomic pressures.

Sector-specific headwinds are additionally at play, which may add to the decline attributable to panic promoting.

Bitensor’s TAO plummets amid profit-taking

Bittensor is a decentralized machine studying protocol that encourages collaborative AI mannequin coaching by way of blockchain.

The worth of native token TAO has outperformed lately, capitalizing on the rally in AI shares corresponding to Nvidia.

Nevertheless, the worth of the token soared to $3.89, recording a 16% loss through the day.

Though the bulls tried to get better, the value has fallen from the excessive of $488 and stays at $400.

In the meantime, buying and selling quantity rose 17% to $712 million, a state of affairs that displays heightened panic promoting.

As with the broader market, this comes as retail and institutional holders liquidate their positions attributable to fears surrounding the decline of the AI-driven rally.

The sell-off seems to have been exacerbated by profit-taking following Safero’s launch of Europe’s first staked TAO exchange-traded product (ETP).

After initially sparking an enormous rally, the bulls have been unable to maintain the momentum.

Broad crypto market decline

The cryptocurrency ecosystem has suffered vital losses, with over $250 billion of market worth evaporating in lower than 24 hours, with the general market capitalization in the end shrinking by 5.8% to $3.4 trillion.

Bittensor’s underperformance in opposition to Bitcoin (down 6% to almost $100,000) and relative efficiency in opposition to prime altcoins highlights TAO’s vulnerability in a risk-off surroundings.

#BTC It is at a vital stage.

There are all the time a number of closes beneath 50W every cycle, so be sure the highest is in.

I nonetheless suppose 2026 shall be a bear market, much like earlier intermediate years, whether or not the highest is in or not, or even when it goes somewhat additional up. pic.twitter.com/4T9fAsQchs

— Benjamin Cowen (@intocryptoverse) November 4, 2025

Feelings are within the worry zone.

The outlook sees Ethereum falling 8% to $3,340, breaking by way of the important thing assist at $3,550 and shedding 18% this week.

Solana and XRP additionally posted vital losses, pushing complete liquidations within the derivatives market to greater than $1.13 billion.

A lot of the optimism is a response to feedback from Fed officers who decreased bets on a December rate of interest lower.

In the meantime, the U.S. spot Bitcoin ETF and Ethereum ETF recorded outflows for the fourth consecutive day as a result of turmoil on Wall Road.

The Balancer cryptocurrency hack incident additionally worsened sentiment.

“The most recent $128 million balancer exploit reminds us of one thing basic: Most good contracts in the present day depend on audit-based hope. Builders write complicated code, auditors assessment it, and everybody hopes there are not any hidden logic flaws. However hope isn’t a assure,” Bitcoin monetary platform Blockstream famous in X.