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Cryptocurrency News Articles
Coinbase Effect Boosts Bittensor (TAO) by 17% as AI Tokens Market Shows Signs of Recovery
Feb 20, 2025 at 03:25 am
Coinbase, one of the world's leading crypto exchanges, can exert a lot of influence with its token listings. Traditionally, a token would see increased
Coinbase, a major cryptocurrency exchange, has announced the listing of Bittensor (TAO), leading to a 17% surge in the token's price. The asset's value has been highly volatile over the past month, but it now seems to be back on a bullish path.
The market for AI tokens has still been reeling from DeepSeek and other factors, but there are signs of recovery. Ambient interest in Bittensor and its subnets will hopefully keep its momentum strong.
Coinbase to List Bittensor (TAO) Next Week
One of the world's leading crypto exchanges, Coinbase, can wield great power with its token listings. Traditionally, a token would see increased interest when the exchange adds it, and this has remained true for the latest listings in 2025.
Now, the “Coinbase Effect,” proved evident as Bittensor jumped more than 17% following the listing announcement.
“Coinbase will add support for Bittensor (TAO) on the Bittensor network. Trading will begin on or after 9AM PT on February 20 2025 if liquidity conditions are met. Once sufficient supply of this asset is established, trading on our TAO-USD trading pair will launch in phases,” the firm claimed via social media.
Bittensor, a top AI token, had a complicated price trajectory in recent times. TAO was looking quite solid in late January, holding up well despite the generalized rout in AI-related tokens caused by DeepSeek.
The altcoin started crashing in early February, driven by the wider liquidations. However, Coinbase's initial listing roadmap and Elon Musk's audacious bid to purchase OpenAI helped TAO and the AI crypto market find some ground.
Bittensor's price sharply crashed in early February, and Coinbase only temporarily provided a reprieve by putting the token on its listing roadmap.
Earlier today, Bittensor was one of the most searched altcoins, and Coinbase's listing announcement is adding further momentum to the searches. In short, things are looking bullish for TAO at the moment.
Bittensor was already seeing heightened enthusiasm in the crypto community, and the Coinbase listing has been a shot in the arm. Ambient market pressures in the AI space may or may not have a bearish impact on the asset in the near future. For now, however, it has a lot of advantages.
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