Crypto Market Slumps: CoinDesk 20 Index Drops 1.4%

The CoinDesk 20 Index, a comprehensive measure of the cryptocurrency market, experienced a decline on Tuesday, with the index trading at 3183.11, down 1.4% from Monday's close. Among the 20 assets tracked by the index, only two were trading higher.

Leading the pack were Litecoin (LTC) and Bitcoin (BTC), with gains of 4.9% and 0.3% respectively. However, the decline was led by Aptos (APT) and Solana (SOL), which dropped by 5.6% and 5.1% respectively.

The CoinDesk 20 Index is a broad-based measure of the cryptocurrency market, traded on multiple platforms across various regions globally. The index is designed to provide a comprehensive view of the cryptocurrency market, tracking the performance of the top 20 assets by market capitalization.