Bittensor (TAO), a decentralized artificial intelligence project, has seen its price plummet nearly 10% due to reports surrounding Covenant AI's exit from the ecosystem. This move has erased a significant portion of TAO's recent gains, with the token now trading at a critical support zone near $270.
Despite the sell-off, technical structure remains intact for now, and Bittensor is still considered one of crypto's most promising long-term narratives in the AI sector. The project's fundamentals remain strong, with its open marketplace for machine-learning models and decentralized network still gaining traction globally.