Bitcoin Cash’s 29% Advance Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update

CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).

Only three assets in the CoinDesk 20 closed higher compared to one week ago: bitcoin cash (BCH) up 29%, dogecoin (DOGE) up 9% and litecoin (LTC) up 0.5%. Bitcoin cash has gained more than 4x year-over-year, but still maintains a market cap that is less than 1% of that of bitcoin (BTC).

Six assets in the CoinDesk 20 weakened more than 10% this past week, led by Layer 1s (NEAR), (APT) and (AVAX).

The CoinDesk 20 Index fell 4.3% over the week, with 17 assets declining. Bitcoin and ether (ETH) contributed to this downturn, dropping 3.8% and 5.5%, respectively.

CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.