Bitcoin and Ether Demonstrate Relative Strength in the Midst of Across-the-Board Losses: CoinDesk Indices Market Update
1 min read
The CoinDesk Indices (CDI) provides a bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broader CoinDesk Market Index (CMI).
All 20 assets in the CoinDesk 20 experienced losses over the past week, with Bitcoin (BTC) and ether (ETH) showing better performance compared to their peers, declining by 12.1% and 16.6% respectively over the seven-day period ending on Monday.
Uniswap (UNI), filecoin (FIL), and Aptos (APT) experienced the largest declines, with losses exceeding 35%. In total, five cryptocurrencies dropped by more than 30% in the last week.
Among the 187 tradable digital assets in the broader CMI universe, only three tokens outperformed bitcoin during the week. Ondo, a real-world assets (RWA) platform, was the sole coin to demonstrate positive returns.
The CoinDesk 20 tracks the top digital assets and is available for investment on various platforms. The broader CMI includes around 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.
Source link
#Bitcoin #Ether #Show #Relative #Resilience #Widespread #Losses #CoinDesk #Indices #Market #Update
