- CoinDesk 20 Index fell 4.5% to 2616.04 points since Thursday afternoon.
- All 20 assets in the index showed negative performance with none trading higher.
- Bitcoin (BTC) and Bitcoin Cash (BCH) performed relatively better, while Polkadot (POL) and Sui (SUI) experienced the steepest declines.
Cryptocurrency markets faced significant downward pressure as the CoinDesk 20 Index dropped 4.5% to 2616.04 points since Thursday’s close, according to the latest market update from CoinDesk Indices. The bearish trend was comprehensive, with all constituent assets trading in negative territory.
Market sentiment appeared universally negative across the cryptocurrency sector, as not a single asset among the CoinDesk 20 managed to post gains during the period. The index, which serves as a benchmark for cryptocurrency market performance, shed 123.93 points since 4 p.m. ET on Thursday.
Bitcoin (BTC) demonstrated relative resilience amid the broad market decline, posting a 2.5% loss, which positioned it as one of the better performers. Similarly, Bitcoin Cash (BCH) limited its losses to 3.6%, making these two assets the relative outperformers in an otherwise challenging market environment.
At the opposite end of the performance spectrum, Polkadot (POL) and Sui (SUI) recorded identical 8.3% declines, making them the worst-performing assets in the index during this period. The equal percentage drops highlight how selling pressure affected some altcoins more severely than the larger-cap cryptocurrencies.
The CoinDesk 20 Index represents a diverse selection of digital assets and is traded on multiple platforms across various global regions, providing investors with a comprehensive view of market performance in the cryptocurrency sector. The index’s broad-based composition makes its decline particularly significant as an indicator of overall market sentiment.
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