Bitcoin Tops $70K to Lead CoinDesk 20 Gainers: 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).
The CoinDesk 20 declined 1.3% over the past week, with nine of the 20 assets in the gauge slipping more than 4%. The index was helped as its largest component – bitcoin (BTC) – advanced 1.3% and at least briefly broke back above $70,000.
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The only other CoinDesk 20 constituent in the green over the past week was Cardano (ADA), which managed a 08% advance.
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The index’s worst performer was Uniswap (UNI), which lost 14% of its value as a governance vote related to rewards for token holders was delayed.
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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.
Edited by Stephen Alpher.
