CoinDesk 20 Index Sees Broad Decline, Cardano and POL Experience Significant Losses
The CoinDesk 20 Index, which tracks the performance of major cryptocurrencies on global exchanges, has dropped by 2.9%, reaching 2,591.55 as of Monday’s 4 pm update. While a few assets have shown gains, the overall market is down, with only three of the 20 assets in the index trading in the positive.
Top Gainers:
- XLM: +4.2%
- XRP: +3.4%
Biggest Decliners:
- POL: -7.7%
- Cardano (ADA): -7.0%
Cardano (ADA) is down by 7% since Monday, making it one of the largest underperformers in the CoinDesk 20. POL also saw a notable decline of 7.7%, adding to the overall market slowdown.
This movement highlights the ongoing fluctuations in the cryptocurrency market, with the CoinDesk 20 serving as an essential benchmark to track the performance of key assets.
