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CoinDesk 20 Performance Update: DOT Gains 17.3% as Index Climbs Higher

Filecoin joined Polkadot as a top performer, gaining 16.3% from Tuesday.

Dec 4, 2024, 2:24 p.m.
9am CoinDesk 20 Update for 2024-12-04: leaders chart

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 3892.21, up 1.3% (+48.1) since 4 pm ET on Tuesday.

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Fifteen of 20 assets are trading higher.

Leaders: DOT (+17.3%) and FIL (+16.3%).

9am CoinDesk 20 Update for 2024-12-04: leaders chart

Laggards: HBAR (-5.3%) and LTC (-2.7%).

9am CoinDesk 20 Update for 2024-12-04: laggards chart

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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Cryptos crumble, bitcoin falls through $66,000, as Friday's bounce fades

boring, bored

With so many other asset markets in rally mode, investors for the moment appear to have moved on from crypto.

What to know:

  • Friday's crypto bounce is sharply reversing on Wednesday, with bitcoin falling back below $66,000.
  • Fading Fed rate cut hopes are weighing on markets, but the crypto bear market began last year as the U.S. central bank was cutting rates.
  • The hard data, along with anecdotal evidence, suggests crypto investors have lost interest and moved on to any number of other rallying markets.