- Bittensor and Near Protocol Expectations: Cryptocurrencies linked to artificial intelligence face heavy selling:



The cryptocurrency market on Tuesday is experiencing increasing pressure from sellers, reflecting a broader decline in market sentiment and appetite for high-risk assets. Cryptocurrencies associated with AI, such as Bittensor (TAO) and Near Protocol (NEAR), show fundamental and technical weaknesses, trading at $217 and $1.99 respectively.

It appears that the ongoing decline in the crypto market, exemplified by Bitcoin (BTC) testing the $62,000 support level, is primarily driven by ongoing geopolitical uncertainty. Investors remain cautious amid conflicting statements from the United States and Iran regarding the peace framework reached in negotiations last weekend in Switzerland.

Overall market sentiment in the broader cryptocurrency space remains extremely fearful, as evidenced by the Fear and Greed Index, which slightly increased to 23 on Tuesday after being 20 the previous day. This decline indicates a significant decrease in appetite for high-risk assets, making prices vulnerable to limited liquidity, weak demand, and a lack of subsequent support factors.
$TAO
$NEAR
TAO-1.51%
NEAR-2.50%
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Before00zero
· 13h ago
Cryptocurrencies linked to artificial intelligence are contributing to increased losses amid overall market weakness.
Bittensor fell 25% from its June high, trading at around $217 on Tuesday, as it was affected by a slowdown in the derivatives market.
Near Protocol’s price dropped below the key $2.00 level, with selling continuing for the third consecutive day.
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