Bitcoin (BTC) Price Returns to $59K; Artificial Intelligence (AI) Tokens Render, FET, TAO Lead Crypto Losses

The price action suggests that crypto markets are in for more consolidation as the quick recovery from the early August plunge to below $50,000 continues to fizzle. The largest crypto has stuck in a downtrend since its all-time record of $73,000 in March, making lower highs and lower lows ever since.