Crypto Market Overview: Bittensor (TAO) in Focus
The cryptocurrency market experienced a downturn over the past 24 hours, with a drop of over 1% as major digital assets like Bitcoin (BTC) and Ethereum (ETH) continued their decline. Bitcoin briefly fell to a low of $107,569 before recovering slightly to $108,017, marking a 1% decrease. Ethereum also saw a decline, dropping 1.24% to $2,543 after reaching an intraday high of $2,585.
Bittensor (TAO) Market Position
Bittensor (TAO) has been part of this broader market trend. As of July 7, 2025, Bittensor’s close price was $321.196. The cryptocurrency has seen significant fluctuations over the past year, with a 52-week high of $741.291 on December 5, 2024, and a low of $165.741 on August 4, 2024. Its market capitalization stands at approximately $2.99 billion.
Recent Developments
Binance Updates Monitoring and Seed Tags: Binance announced the removal of the Monitoring Tag and Seed Tag for several tokens, including Bittensor (TAO), effective July 9, 2025. Tokens with the Monitoring Tag are typically characterized by higher volatility and risks, and this change indicates a shift in Binance’s assessment of Bittensor’s risk profile.
Coinbase Listings: Coinbase has expanded its offerings in New York by listing four altcoins, including Bittensor (TAO), in compliance with the BitLicense requirement. This move is part of Coinbase’s strategy to diversify its portfolio and cater to regional markets.
Grayscale’s Portfolio Adjustments: In Q2 2025, Grayscale Investments reshuffled its major fund lineup, adding Ondo (ONDO) to its DeFi Fund and introducing Hedera (HBAR) while dropping Polkadot (DOT). Although Bittensor was not directly mentioned, these adjustments reflect broader market dynamics that could influence altcoin investments.
Market Outlook: Trader Michaël van de Poppe has expressed optimism about the crypto market, suggesting that new all-time highs are imminent. He is monitoring the TOTAL chart, which tracks the market cap of all digital assets excluding stablecoins, indicating a potential positive shift in market sentiment.
Conclusion
Bittensor (TAO) remains a notable player in the cryptocurrency market, with recent developments on major platforms like Binance and Coinbase potentially impacting its visibility and trading dynamics. As the market continues to evolve, investors will be watching closely for signs of recovery and growth in the broader crypto landscape.