CoinDesk 20 Index Update
Market Performance
The CoinDesk 20 Index is currently trading at 3366.83, down 0.8% (-28.06) since 4 p.m. ET on Monday.
Leaders and Laggards
Three of 20 assets in the CoinDesk 20 Index are trading higher.
Leaders
- ETH (+3.5%)
- SUI (+0.9%)
Laggards
- UNI (-4.2%)
- DOT (-4.1%)
Index Overview
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
About the CoinDesk 20 Index
The CoinDesk 20 Index is a market-capitalization-weighted index of the 20 largest and most widely traded digital assets in the cryptocurrency market. It is designed to provide a comprehensive snapshot of the market’s performance and is widely followed by investors, analysts, and media outlets.
FAQs
Q: What is the CoinDesk 20 Index?
A: The CoinDesk 20 Index is a market-capitalization-weighted index of the 20 largest and most widely traded digital assets in the cryptocurrency market.
Q: How is the CoinDesk 20 Index calculated?
A: The index is calculated based on the market capitalization of each asset in the index, with the weights adjusted daily to reflect changes in market capitalization.
Q: What are the criteria for inclusion in the CoinDesk 20 Index?
A: The criteria for inclusion in the index include the asset’s market capitalization, liquidity, and trading volume.
Q: How is the CoinDesk 20 Index used?
A: The index is used by investors, analysts, and media outlets to track the performance of the cryptocurrency market and to make informed investment decisions.
Conclusion
In conclusion, the CoinDesk 20 Index provides a comprehensive snapshot of the cryptocurrency market’s performance, offering valuable insights for investors, analysts, and media outlets. The index’s leaders and laggards, as well as its market performance, are key indicators of the market’s overall trend and are closely followed by market participants.
