According to CoinDesk, the CoinDesk 20 Index experienced a notable decline, closing at 3150.49, which marks a decrease of 5.3% or 175.81 points since 4 pm ET on Monday. This downturn reflects a challenging period for the index, as none of the 20 assets within it are currently trading higher.
Among the assets, Bitcoin (BTC) and Avalanche (AVAX) emerged as the least affected, with BTC down by 2.5% and AVAX by 2.7%. Despite their relative resilience, these assets still contributed to the overall downward trend of the index.
Conversely, Stellar (XLM) and Polkadot (POL) were identified as the most significant laggards, with XLM experiencing a sharp decline of 14.6% and POL dropping by 10.4%. These substantial losses highlight the volatility and challenges faced by certain assets within the index.
The CoinDesk 20 is a comprehensive index that is traded across multiple platforms and regions worldwide, providing a broad perspective on the cryptocurrency market's performance. The recent downturn underscores the dynamic nature of the market and the varying performance of individual assets within the index.
