Share this article
Internet Computer's 40% Rally Led CoinDesk 20 Gainers Over Past Week: CoinDesk Indices Market Update
Just three cryptos in the index posted losses, led by Avalanche's 7.5% decline.
Updated Mar 27, 2024, 6:50 p.m. Published Mar 26, 2024, 4:19 p.m.
Make us preferred on Google
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).
The CoinDesk 20 Index closed yesterday at 2705.61, up 4.8% week-over-week, but still 2.7% below the index high of 2779.34 earlier this month. The gauge's year-to-date gain is now 57%.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Layer 1 Smart Contract Platform Internet Computer {{ICP}} led the CoinDesk 20 over the past week, gaining 40% to a market cap above $8.8 billion.
Only three assets are lower over the past week: Avalanche {{AVAX}}, Solana {{SOL}} and Polkadot .
The CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CoinDesk Market Index comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.
More For You
More For You
Bitcoin volatile, but flat, while crypto stocks bounce amid cooling AI fears
Coinbase, Circle, Galaxy, IREN and Riot led the early morning rebound among crypto-related stocks as the battered software sector found some relief.
What to know:
- Despite a small handful of thousand-dollar swings, bitcoin remains in the $67,000 area in late-morning U.S. trade.
- Gold reclaimed $5,000, and oil jumped as Polymarket odds of U.S. strikes on Iran before mid-March topped 50%.
- Crypto stocks bounced, outperforming stagnant cryptocurrencies.
Top Stories
