CoinDesk 20 performance update: Bittensor (TAO) drops 4%, leading index lower
Analysis
Price Impact
MedBittensor (tao) is leading the coindesk 20 index lower with a 4% drop. while not a top-tier coin by market cap, its significant percentage drop can influence broader sentiment within the index.
Trustworthiness
HighPrice Direction
BearishThe direct reporting of a 4% drop for tao and its role in leading the coindesk 20 lower indicates a current bearish price movement for the asset.
Time Effect
ShortThe article provides a daily market update, focusing on current performance (as of may 29, 2026, 1:15 p.m. et), suggesting the observed price movement is a short-term event.
Original Article:
Article Content:
CoinDesk Indices Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email CoinDesk 20 performance update: Bittensor (TAO) drops 4%, leading index lower Internet Computer (ICP), down 3.8%, was also an underperformer. By CoinDesk Indices May 29, 2026, 1:15 p.m. 1 min read Make preferred on C oinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index . The CoinDesk 20 is currently trading at 1975.1, down 0.8% (-14.99) since 4 p.m. ET on Thursday. Three of the 20 assets are trading higher. Leaders: NEAR (+1%) and HBAR (+0.5%). Laggards: TAO (-4%) and ICP (-3.8%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. CoinDesk Indices CoinDesk 20 charts Prices More For You Crypto Long & Short: Asia’s regulated crypto future By Hassan Ahmed | Edited by Sarah Morton 22 hours ago Asia's adoption of crypto and stablecoins is driving regulated growth in payments and remittances. Learn how Singapore, Hong Kong, India, and Korea are leading the way. What to know : You’re reading Crypto for Advisors , CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday. Read full story Latest Crypto News Paxos wins SEC approval to clear U.S. stocks on blockchain 47 minutes ago Hyperliquid bigger than NASDAQ, says ICE CEO Jeffrey Sprecher 1 hour ago Bitcoin underperforms risk assets as record 9th day of ETF outflows signal waning demand 2 hours ago Bitcoin ETF outflows reach record 9-day streak as investors pull $2.8 billion 2 hours ago Bitcoin slides to April lows as crypto diverges from record-chasing U.S. equities 2 hours ago Kalshi follows CFTC in suing Minnesota over law criminalizing prediction markets 3 hours ago Top Stories Strategy's STRC slips below $99 as Strive captures investor attention 4 hours ago Bitcoin, ether little-changed despite record stocks, falling oil and easing war fears 8 hours ago Crypto trading firm FalconX confidentially files with SEC for IPO, hires bankers 17 hours ago Bitcoin's record holder supply hides a buyer drought, CryptoQuant says 8 hours ago Solana, Sui and Aptos wallet data targeted in TrapDoor package attack 4 hours ago Why the Ethereum Foundation is suddenly again at the center of crypto’s culture war 18 hours ago