Bitcoin Tops $70K to Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update

As a seasoned crypto investor with years of experience in the market, I closely follow the weekly performance of various digital asset indices, including the CoinDesk Indices (CDI). The latest update from CDI on the bi-weekly market performance of the CoinDesk 20 Index (CD20) and the broader CoinDesk Market Index (CMI) caught my attention.

As a crypto investor, I follow the bi-weekly market updates from CoinDesk Indices (CDI). In these reports, they shine a spotlight on the top performers and underperformers within the CoinDesk 20 Index (CD20) and the comprehensive CoinDesk Market Index (CMI).

As a crypto investor, I’ve observed that the CoinDesk 20 Index experienced a 1.3% decrease over the last week. Nine out of the twenty assets included in the index suffered losses exceeding 4%. Fortunately, our largest component, Bitcoin (BTC), rose by 1.3%, briefly pushing its price back above $70,000.

Bitcoin Tops $70K to Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update

Among the CoinDesk 20 components, only Cardano (ADA) saw gains over the past week, with an increase of 8%.

As a crypto investor, I’ve observed that Uniswap (UNI) took the hardest hit among the index’s components last week, with a loss of around 14% in value. This setback can be attributed to the delay in a governance vote concerning rewards for UNI token holders.

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.

2024-06-04 19:32

Bitcoin Tops $70K to Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update

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