Bitcoin and several altcoins are experiencing an upward trajectory following the recent Fed Rate cut, with Bitcoin nearing the $64K mark. Among the gainers, Bittensor (TAO) stands out, breaking out of a three-month consolidation phase and seeing impressive gains. Factors contributing to the price hike include a surge in open interest contracts and increased transaction volume. Bittensor price is currently around $423.17, showing an intraday rise of 13.1%. Analysts anticipate further gains, with a target of $500 and potential support at the previous resistance level of $360. Technical indicators suggest a positive outlook for TAO price.



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