CoinDesk 20 Index Performance Plummets
The CoinDesk 20 Index, a broad-based index traded globally, has sunk 3.7% (-70.0) since last Friday's close, with 19 of the 20 assets in the index trading lower. This sharp decline highlights the turbulence in the cryptocurrency market.
Polygon (MATIC) Leads the Laggards
Polygon, with a 10.3% drop, was the worst performer in the CoinDesk 20 Index, followed by Aptos (APT) which declined 8.6%. These significant losses weighed heavily on the overall index performance.
Mixed Performance Across the Board
While the majority of assets declined, XRP managed to gain 0.6%, making it the top performer in the index. Bitcoin, the largest cryptocurrency by market capitalization, also fell 2.1% during this period.
CoinDesk Indices Provides Daily Updates
CoinDesk Indices, the data provider behind the CoinDesk 20 Index, presents daily market updates to keep investors informed about the performance of leaders and laggards in the cryptocurrency space.
CoinDesk's Commitment to Journalistic Integrity
CoinDesk, an award-winning media outlet covering the cryptocurrency industry, operates as an independent subsidiary with an editorial committee to protect its journalistic independence. Employees may receive options in the Bullish group, which acquired CoinDesk in November 2023.
The information provided in this article is for informational and educational purposes only, based on news and sources gathered from the internet. This content should not be considered as investment advice, financial guidance, or a suggestion to buy or sell any digital assets. Before making any financial decisions, we recommend consulting with a professional financial advisor and conducting your own research. The author and the blog are not responsible for any losses or damages that may arise from using this content.
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