CoinDesk 20 Market Update: POL Declines 7.7%, Weighing on the Index

CoinDesk 20 Index Sees Declines with Cardano and POL Leading the Drop

The CoinDesk 20 Index, which monitors the performance of key cryptocurrencies across multiple international exchanges, has fallen 2.9%, now sitting at 2,591.55 as of Monday’s 4 pm update. While some assets managed to climb, the overall market is facing downward pressure, with only three of the 20 assets showing gains.

Top Performers:

  • XLM: +4.2%
  • XRP: +3.4%

Biggest Declines:

  • POL: -7.7%
  • Cardano (ADA): -7.0%

Cardano (ADA) has dropped 7% since Monday, making it one of the biggest underperformers in the index. POL also suffered a sharp decline of 7.7%, contributing to the overall downturn in the CoinDesk 20 Index.

This market performance reflects the ongoing volatility within the crypto sector, with the CoinDesk 20 serving as a comprehensive benchmark for tracking key assets.

  • Related Posts

    The recent dip saw buyers acquire upwards of 400,000 Bitcoin between $60K and $70K

    Blockchain data from Glassnode reveals a sharp increase in accumulation as Bitcoin traded between $60,000 and $70,000 during its latest correction. Holdings within that price band have grown from about…

    Continue reading
    Mounting Pressure Across Digital Assets Leaves Bitcoin Hovering Above Forced-Sell Levels

    Bitcoin extended its pullback for a fourth consecutive day, sliding toward $63,000 as a stronger U.S. dollar and softer equity markets pressured risk assets worldwide. Traders caution that a clear…

    Continue reading
    You have not selected any currencies to display