Bittensor (TAO) price traded lower on Thursday, falling by more than 4% to breach the $300 support level as a broader market decline hit altcoins. Declines followed Bitcoin’s slip below $80,000 as risk-off sentiment intensified amid hot US inflation data and investor jitters around geopolitical uncertainty. TAO price could extend losses with this technical breakdown, although a broader market recovery may allow for a retest of recent peaks. Bittensor drops below $300 amid Bitcoin dip TAO price reached highs of $330 on May 10, capping a notable bounce from lows seen in mid-April. At the same time, Bitcoin’s price rose to above $82,000.
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