As a researcher with a background in cryptocurrencies and blockchain technology, I find the recent market update from CoinDesk Indices both intriguing and informative. Over the past week, the CoinDesk 20 Index (CD20) displayed a robust recovery, gaining 2.7%. This rebound came after a challenging month of April, where the index shed more than 25% of its value.
As a researcher, I’d be happy to share with you the latest bi-weekly market update from CoinDesk Indices. In this report, we shine a spotlight on the leading and underperforming assets in both the CoinDesk 20 Index (CD20) and the comprehensive CoinDesk Market Index (CMI).
Over the past week, the CoinDesk 20 cryptocurrencies collectively increased by 2.7%. sixteen out of the twenty digital assets in this benchmark ended their weekly trade with gains. Following a turbulent month of April, during which the index shed over 25% of its value.
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“CoinDesk 20 monitors over twenty leading digital assets, which can be invested in through various platforms. The larger Crypto Market Index (CMI) encompasses around 180 tokens and is categorized into six main sectors: currency tokens, smart contract platforms, Decentralized Finance (DeFi), Culture & Entertainment, Computing projects, and Digitization initiatives.”
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2024-05-07 19:34