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CoinDesk Indices Daily Market Update
Market Performance
The CoinDesk 20 is currently trading at 3109.04, up 14.5% (+393.25) since 4 p.m. ET on Friday.
Leaders and Laggards
Nineteen of 20 assets are trading higher.
Leaders
- ADA: +58.8%
- XRP: +25.5%
Laggards
- LTC: -8.5%
- APT: +0.6%
Market Analysis
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. The index is designed to provide a comprehensive snapshot of the cryptocurrency market, with 20 of the most widely followed digital assets.
Key Statistics
- Current trading price: 3109.04
- 14.5% increase since 4 p.m. ET on Friday
- 19 of 20 assets trading higher
- ADA and XRP leading the pack, with gains of 58.8% and 25.5%, respectively
- LTC and APT lagging behind, with losses of 8.5% and 0.6%, respectively
Conclusion
The CoinDesk 20 provides a valuable snapshot of the cryptocurrency market, with a diverse range of assets and a broad geographic reach. The index is designed to be a reliable indicator of market trends and sentiment, and is widely followed by investors, traders, and analysts.
FAQs
Q: What is the CoinDesk 20?
A: The CoinDesk 20 is a broad-based index of 20 of the most widely followed digital assets.
Q: How is the index calculated?
A: The index is calculated based on a weighted average of the prices of the 20 constituent assets.
Q: What is the purpose of the CoinDesk 20?
A: The index is designed to provide a comprehensive snapshot of the cryptocurrency market, and to serve as a reliable indicator of market trends and sentiment.
Q: How is the index traded?
A: The index is traded on multiple platforms in several regions globally.
Q: What is the current trading price of the CoinDesk 20?
A: The current trading price is 3109.04, up 14.5% since 4 p.m. ET on Friday.
