These Trending Altcoins Are Turning Heads: Bittensor (TAO), SIREN, and GCOIN by PlayNance

The cryptocurrency market has remained shaky over the past 24 hours, and sentiment remains in “Extreme Fear” according to the popular Crypto Fear and Greed Index. The total market capitalization is dwindling, currently at about $2.47 trillion as of this writing. Bitcoin’s Price Struggles Through the Week Before we proceed with the altcoins, let’s have an overview of what happened to Bitcoin this week. Tensions in the Middle East are far from over, while in the US, the Federal Reserve held its second FOMC meeting of the year. Just a week ago, BTC’s price surged toward $74,000 for the second time in ten days, but was then faced with rejection and slipped back toward $70K during the weekend. The decline was exacerbated by one of the most severe US bombing operations on Iranian infrastructure, as described by the POTUS himself. Despite all of this pressure, BTC held the $70K level and managed to reverse course early in the week. The momentum picked up on Monday and especially Tuesday, when the price soared to about $76K – a level we hadn’t seen in nearly six weeks. However, the rally lost its steam soon after. By Wednesday, the leading cryptocurrency had pulled back to $74K, and then dropped sharply ahead of the FOMC decision, which, by the way, was in line with expectations. Comments from the Fed Chair, expressing concern about inflation and the broader economy, triggered another wave of selling, ultimately pushing BTC below $70K. Source: TradingView Altcoins Tumble, But Some Are Catching the Attention Many altcoins have lost their footing in the past 24 hours, and many of them are also charting insignificant increases in the range between 0% and 1%. That’s especially true for the large-caps such as Binance Coin (+0.02%), XRP (-0.47%), ETH (-0.07%), Solana (+0.7%), and so forth. As mentioned above, the broader market sentiment has once again shifted to extreme fear, and the uncertainty in major markets is evident. Source: Quantify Crypto That said, there are always ...