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CoinDesk 20 Index Plummets 13.5% as Cryptocurrency Market Sells Off
Generated by AI AgentCoin World
Monday, Apr 7, 2025 9:24 am ET1min read
The CoinDesk 20 Index experienced a significant decline, dropping by 13.5% since 4 p.m. ET on Friday, with all 20 assets trading lower. The index is currently at 2173.26, reflecting a decrease of 338.56 points. This downturn indicates a broad-based sell-off across the cryptocurrency market, with no assets showing gains.
Among the assets, Bitcoin (BTC) and Internet Computer (ICP) were the relative leaders, with BTC falling by 8.4% and ICP by 11.0%. However, Litecoin (LTC) and
(SUI) were the laggards, with LTC dropping by 19.7% and SUI by 18.5%. This performance highlights the varying degrees of impact across different cryptocurrencies within the index.The CoinDesk 20 Index is a comprehensive benchmark that tracks the performance of 20 leading cryptocurrencies. It is traded on multiple platforms across several regions, providing a broad representation of the cryptocurrency market. The index's decline suggests a period of market correction or increased risk aversion among investors, as all assets within the index experienced losses.
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