AI altcoins are dancing in the rain! FET jumps by 71%, TAO is trying to keep up with its 28%.

The recent announcement by the Federal Reserve to cut interest rates by 50 basis points has sent shockwaves through the market, especially among altcoins. The Fed rate cut has resulted in a significant surge in Bitcoin (BTC) and altcoin prices, with notable performances from Sui (SUI), Celestia (TIA), Fantom (FTM), Bittensor (TAO), and Sei (SEI).

Decentralized blockchain network Bittensor and its native token, TAO, have shown significant upward momentum over the past month, consistently outperforming major cryptocurrencies such as Bitcoin and Ethereum across all time frames. Designed for decentralized finance (DeFi) applications, TAO has surged past the $400 mark, achieving nearly 45% gains in the last month alone and an impressive 695% increase year-to-date.

The global crypto market registered another increase of 3.06%, pushing it to $2.21 trillion. Bitcoin (BTC) is up over 3%, while Ethereum (ETH) continues its stellar recovery, and is up almost 6% over the past 24 hours, having surged past $2,500.

The crypto prices today have continued generating market optimism, primarily with major coins maintaining an upward movement. Bitcoin (BTC) price crossed $64K, whereas Ethereum (ETH) and Solana (SOL) followed, trading in the green.

The AI sector outperformed all other coins over the last month, with FET poised for a surge.

As of September 19, 2024, TAO has distinguished itself as a leading AI coin within the expanding web3 and blockchain landscape. The recent price surge has been attributed to several factors, including broader market trends and positive earnings reports from major tech companies like Nvidia (NVDA), which have further fueled investor interest in AI-related assets.

Bittensor (TAO) is currently capturing the attention of traders as it forms a symmetrical triangle pattern, signaling a crucial moment for the cryptocurrency. With the broader market on the rise, speculations abound regarding whether a breakout above the pivotal resistance level of $340 could initiate a significant rally, potentially driving Bittensor beyond the $400 mark.

Bittensor gaining traction after over 12% returns, showing potential for higher prices soon.

Binance founder and former CEO Changpeng Zhao (CZ) is set for imminent release, confirmed by the US Federal Bureau of Prisons (BOP).

Bittensor ($TAO) and several other leading AI coins are pumping today, despite a marketwide downturn that has shaven 0.4% from the now-$2.16 trillion crypto market.

PEPE, Polkadot, ImmutableX, and Bittensor stand out amid a heightened focus on the Federal Reserve meeting and persistent fear within the crypto fear and greed index. A detailed look into individual cryptocurrencies reveals intriguing trends and future price predictions. PEPE price paints a bullish setup Currently trading at $0.

Cryptocurrency prices were mixed as traders focused on the upcoming Federal Reserve meeting, with the crypto fear and greed index remaining in the fear zone.

BTC has struggled with adverse market conditions and a challenging environment, failing to regain momentum and trading largely between $53,000 and $60,000 for several weeks. BTC's failure to hold on to $60,000 indicates demand is drying up at higher levels, with investor hesitation peaking.

Bittensor (TAO) is on the verge of a significant price surge, with technical indicators pointing toward a potential 80% rally. The cryptocurrency has struggled to break through a crucial resistance level, but an ascending triangle pattern suggests that a breakout may be on the horizon.

Bittensor (TAO) price has struggled to breach the $357 resistance level. Despite these failed attempts, the conditions for forming an ascending triangle pattern are becoming more apparent.

Here is how some of your favorite assets concluded the week.

Decentralized AI project Bittensor skyrocketed to the top of the weekly gainers' list, riding the wave of Nvidia's stock surge.

September 2024 began on a tough note for several Artificial Intelligence (AI) Coins. However, as soon as the second week started, things changed, making the week a much better one than the last.

Bitcoin (BTC) saw a brief foray above $58,000 on Thursday following the release of US inflation data and Federal Reserve rate cut bets. US consumer prices bumped up slightly in August, but core inflation remained persistent, with the Core Consumer Price Index increasing by 0.28%, compared to an anticipated 0.2% increase.

Bitcoin (BTC) briefly hit $58,000 early in today's session, but selling pressure forced the price back below $57,000. The world's largest cryptocurrency continues to face resistance at upper levels, causing bulls to lose momentum.

Explore five innovative AI tokens transforming the crypto space. This article provides insight into unique crypto tokens backed by advanced AI technology that every investor should know about.

With the cryptocurrency market reclaiming the $2 Trillion market cap with a jump of 3.18%, top tokens have breached their important resistance levels. Notably, with the price of Bitcoin reclaiming the $57K mark, altcoins from Artificial Intelligence (AI) and Meme category have gained the highest profits.

AI crypto coins are surging, with the sector's market capitalization rising nearly 7% on Tuesday. Tokens like Artificial Superintelligence Alliance (FET) and Bittensor (TAO) are leading the rally, posting double-digit gains.

AI coins are on investors radar for a potential surge, as Nvidia stock holds firm with a $165 price target despite recent market turbulence. Analysts remain confident in Nvidias growth prospects, sparking renewed interest in the AI sector.

AI tokens' recovery highlights market sensitivity to regulatory news, underscoring the volatility and investor sentiment in the tech sector. The post AI tokens rally as Nvidia refutes DOJ subpoena reports appeared first on Crypto Briefing.

TL;DR Nvidia Subpoenaed: The U.S. Department of Justice issued a subpoena to Nvidia on September 3, sparking market turmoil and significant losses in AI-related tokens. Market Impact: Nvidia's shares dropped by 8.3% this week, while AI tokens fell by an average of 7.1%, outpacing declines in major cryptocurrencies like Bitcoin and Ethereum.

Major cryptocurrencies plummeted after major US stock indexes closed significantly lower on Tuesday. The plunge was led by Nvidia (NVDA) and other chipmaker stocks, as September began on a weaker-than-expected note after a strong finish to August.

With the 3.18% jump in the Bitcoin price, a bullish engulfing candle reveals solid demand at the $57K level. As the buyers push back the supply available, the altcoins market fires up all the bullish cylinders for a bounce back. Amid the recovery, the AI tokens are making a comeback at a breakneck speed.

Nvidia's quarterly earnings exceed expectations, but will they boost AI coins in the long-term?

Major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), saw a significant drop as $170 million in long positions were liquidated in one hour, according to data from CoinGlass. This hurt investors who had bet on the prices of both cryptocurrencies to rise further.

Tokens that power Decentralized Physical Infrastructure Networks (DePIN) are gaining traction, making them assets that investors should watch closely.

Story Highlights The live price of the TAO token is . Bittensor price may reach a high of $695 in 2024. With a potential surge, this altcoin may reach a high of $3,321 by 2030. Bittensor is an open-source project that powers blockchain and its machine-learning networks.

As Nvidia (NASDAQ: NVDA) is about to post its newest financial results after markets close on August 28, cryptocurrencies in the artificial intelligence (AI) field are recording significant price increases, with possibly even better performance expected if the report is exceptional.

AI tokens are seeing a price surge in anticipation of NVIDIA's upcoming quarterly earnings report. Over the past week, Bittensor (TAO), the native token of the decentralized AI development platform Bittensor, has risen by approximately 25%.

Artificial intelligence-based crypto assets have surged as much as 70% in the past seven days as all eyes fall on Nvidia's incoming earnings report.

Altcoin traders could send MATIC, SUI, RENDER and TAO higher if Bitcoin manages to continue trading above $64,000.

Bittensor (TAO) is making waves with a remarkable rally. Despite Bitcoin's price stagnating around $60,000, Bittensor stands out as a major player in the AI and big data sectors, driving impressive gains and signaling a potential breakout above $400.

Artificial Intelligence-focused cryptocurrencies — and stocks — will be in the spotlight next week as Nvidia publishes its quarterly results after the closing bell on Wednesday, Aug. 28.

The crypto market has had a bullish week on average. Like many altcoins, Artificial Intelligence (AI) coins were not left out of the rally.

TAO's Open Interest has gained more than $12 million in two days alongside soaring prices.

With the price of Bitcoin holding its value above the $60,000 mark, the crypto market has displayed a stable price movement for the first time over the past few days. This indicates a rising bullish sentiment in the crypto space. Moreover, altcoins continue recording significant uptrends, with many tokens experiencing a double-digit surge daily.

Cryptocurrency markets are in a buoyant mood on Friday in wake of Fed Chair Jerome Powell opening the door for imminent rate cuts, with traders parsing altcoin markets for top crypto performers today that might be able to deliver them the fastest gains.

Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure.

Cryptocurrencies rose on Tuesday as traders started moving back to the market. Bitcoin, which sets the tone in the crypto industry rose to a high of $61,453, its highest point since August 14 and 24% above its lowest point this year. This recovery means that Bitcoin has moved into a local bull market.

As the Ethereum price continues hovering close to its $2,500 mark, top altcoins continue stumbling, highlighting a weak bullish sentiment in the crypto space. Positively, investors consider this to be an excellent opportunity to buy altcoins at a discounted price.

As crypto markets trade in subdued fashion amid a lack of notable catalysts, traders are scouring altcoin markets for top crypto performers today that might be able to generate quick gains.