- CoinDesk 20 Index dropped 3.2% to 2612.03 since Thursday afternoon.
- Only one cryptocurrency out of 20 is trading higher, with SOL leading at +1.4%.
- UNI and AAVE were the biggest laggards, dropping 7.1% and 7.0% respectively.
The cryptocurrency market faced broad selling pressure as the CoinDesk 20 Index fell 3.2% to 2612.03 in the last 24 hours, according to the latest market data. The decline represents a loss of 86.41 points since 4 p.m. ET on Thursday, with 19 out of 20 digital assets in the index trading lower.
Solana (SOL) emerged as the lone gainer amid the market downturn, advancing 1.4% against the prevailing trend. Aptos (APT) showed relative resilience despite falling, posting only a modest 0.5% decline, making it the second-best performer in the index.
On the opposite end of the spectrum, decentralized finance tokens absorbed the heaviest selling pressure. Uniswap (UNI) led the declines with a 7.1% drop, closely followed by Aave (AAVE), which fell 7.0% during the same period.
The CoinDesk 20 serves as a benchmark index tracking the performance of the largest and most liquid digital assets in the cryptocurrency ecosystem. The index is traded on multiple platforms across several global regions, providing investors with a standardized measure of the broader crypto market performance.
This market decline comes during a period of increased volatility in the digital assets sector, with most tokens experiencing downward pressure despite occasional bright spots like Solana’s positive performance.
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