CoinDesk 20 Performance Update

The CoinDesk 20 index, a broad-based index of leading cryptocurrencies, dropped 1.6% (-29.15) to 1825.0. Only two out of the 20 assets in the index were trading higher, with ATOM gaining 0.3% and LTC up 0.2%.

Laggards Lead the Decline

The biggest laggard was UNI, which dropped 4.7%, followed by NEAR, down 4.2%. The sharp declines in these two assets were the primary drivers behind the overall index's negative performance.

CoinDesk's Ownership and Disclosure

CoinDesk, the media outlet covering the cryptocurrency industry, was acquired by the Bullish group in November 2023. The company operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees may receive options in the Bullish group as part of their compensation.

Source: https://www.coindesk.com/coindesk-indices/2024/09/18/coindesk-20-performance-update-uni-drops-47-leading-index-lower/

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