Bitcoin Cash’s 29% Advance Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update

CoinDesk
Indices
(CDI)
presents
its
bi-weekly
market
update,
highlighting
the
performance
of
leaders
and
laggards
in
the
benchmark
CoinDesk
20
Index
(CD20)
and
the
broad
CoinDesk
Market
Index
(CMI).

Only
three
assets
in
the
CoinDesk
20
closed
higher
compared
to
one
week
ago:
bitcoin
cash

(BCH)
up
29%,
dogecoin

(DOGE)
up
9%
and
litecoin

(LTC)
up
0.5%.
Bitcoin
cash
has
gained
more
than
4x
year-over-year,
but
still
maintains
a
market
cap
that
is
less
than
1%
of
that
of
bitcoin

(BTC).

Six
assets
in
the
CoinDesk
20
weakened
more
than
10%
this
past
week,
led
by
Layer
1s

(NEAR),

(APT)
and

(AVAX).

The
CoinDesk
20
Index
fell
4.3%
over
the
week,
with
17
assets
declining.
Bitcoin
and
ether

(ETH)
contributed
to
this
downturn,
dropping
3.8%
and
5.5%,
respectively.

CoinDesk
20
tracks
top
digital
assets
and
is
investible
on
multiple
platforms.
The
broader
CMI
comprises
approximately
180
tokens
and
seven
crypto
sectors:
currency,
smart
contract
platforms,
DeFi,
culture
&
entertainment,
computing,
and
digitization.