Why Is TAO Price Skyrocketing Today?

Bittensor (TAO) price has surged significantly over the past 24 hours, fueled by a strong bullish trend. Currently trading above $500, TAO has emerged as one of the biggest gainers in today’s market. The cryptocurrency has had an impressive growth of more than 40% in the past week, drawing the focus of investors due to its swift growth and upsurge in momentum.

Additionally, other crypto markets have seen a slight surge recently. Bitcoin price has been able to remain above the recent gains of over $110k, whereas Ethereum is holding steady at a price of around $3,800. Despite a slight recovery, the broader market continues to struggle, with many coins failing to maintain upward momentum.

Here’s why TAO Price is surging today

Bittensor (TAO) has gained by a remarkable 22% in the last day, which was prompted by a mixture of key events. Europe On October 31, 2025, Safello and Deutsche Digital Assets introduced the first staked TAO exchange-traded product (ETP) on the SIX Swiss Exchange.

The product is called the Safello Bittador Staked TAO ETP (STAO), which, in addition to regulated access to the decentralized AI network, has the added advantage of staking rewards. The launch is regarded as a significant milestone that provided the European institutional investors with easier access to the TAO and made it even more legitimate in the market.

To further improve the bullish mood, expectations of the first halving of TAO are becoming even stronger. The halving, which should occur at the beginning of December 2025, will cut daily TAO emissions by 50%, which will narrow down the supply of the token. 

The halving is expected to create more demand among the market participants. These favorable trends have already brought TAO to the levels of the multi-month price highs, as well as the re-emergence of investor interest towards the AI token market.

Analyst Eyes 40%, Bullish Rally Ahead

Recently, a crypto analyst posted an impressive update on X, which reportedly demonstrates gains in the TAO market. The post states that the asset has already realized a 40%  profit. As the chart provided with this update indicates, there is an important upward trend that can lead to additional gains as the token seems to leave a downward trend.

Further analyst post made on October 28 indicates more optimism on the future of TAO, which is likely to see an even greater price increase.

$TAO +40% Profit so far..🔥📈 https://t.co/rU7bTCa56E pic.twitter.com/gBdECmLRne

— Captain Faibik 🐺 (@CryptoFaibik) November 1, 2025

How High Can Bittensor Price Go In November?

The latest price of TAO hovered at $529 as of November 1, 2025. The Relative Strength Index (RSI) is 75, which means that TAO is in overbought territory, which may suggest a possible pullback in case buying pressure slackens.

Looking ahead, targets for the Bittensor price outlook could include the $600 level if the bullish trend continues. A possible pullback to the $500 support region is also likely in the short term. Traders should remain vigilant for any signs of weakening momentum.

In the meantime, the Moving Average Convergence Divergence (MACD) indicates a bullish crossover, which could lead to additional future gains, as the MACD line crosses the signal, and the gap between them becomes even wider, which indicates robust purchasing.