The post Why Is Bittensor (TAO) Price Crashing Today? appeared first on Coinpedia Fintech News
Bittensor (TAO) price crashed nearly 10% today after reports surrounding Covenant AI’s exit sparked fresh uncertainty and accelerated profit-taking. The move erased a large portion of recent gains, dragging TAO from $330 toward the critical $270 support zone. Yet despite the sell-off, technical structure remains intact for now. As the dust settles, the market faces a key question: Is this the start of a deeper correction, or the kind of reset that often appears before crypto’s next major move?
Why Is TAO Price Down 10%Today?
The immediate catalyst behind today’s decline appears linked to Covenant AI’s reported departure from the Bittensor ecosystem, which sparked concerns among investors and triggered short-term uncertainty. The market reaction intensified after reports suggested TAO-related token selling pressure, creating a wave of profit-taking across the asset.
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