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TAO (Bittensor) down 7.46% in the past 24 hours
Gate News Bot Message, December 16th, according to CoinMarketCap data, TAO (Bittensor) is currently priced at $261.69, down 7.46% in the past 24 hours, with a high of $314.54 and a low of $260.28. The 24-hour trading volume reached $145 million. The current market capitalization is approximately $2.748 billion, down $220 million from yesterday.
Recent important news about TAO:
1️⃣ **The first halving event was completed as scheduled, significantly releasing supply inflation pressure**
Bittensor completed its first-ever halving on December 15th, reducing the daily token issuance from 7200 to 3600 tokens, with block rewards cut to 0.5 TAO per block. This halving event directly changed the network's token economics expectations, significantly reducing the
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