Share this article
CoinDesk 20 Performance Update: RNDR and NEAR Lead Gains as Index Inches Higher
The CoinDesk 20 is currently trading at 1975.16, marking a slight 0.7% increase since yesterday's close.
Jul 10, 2024, 1:40 p.m.
Make us preferred on Google
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 1975.16, up 0.7% (+13.38) since yesterday's close.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sixteen of 20 assets are trading higher.
Leaders: RNDR (+2.8%) and NEAR (+2.7%).
Laggards: FIL (-0.9%) and UNI (-0.6%) lag.
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Більше для вас
Bitcoin could fall to $10,000 as U.S. recession risk builds, Mike McGlone says
McGlone links bitcoin’s downturn to record U.S. market cap-to-GDP levels, low equity volatility and rising gold prices, warning of potential contagion into stocks.
Що варто знати:
- Bloomberg Intelligence strategist Mike McGlone warns that collapsing crypto prices and a potential bitcoin slide toward $10,000 could signal mounting financial stress and foreshadow a U.S. recession.
- McGlone argues the post-2008 "buy the dip" era may be ending as crypto weakens, stock market valuations sit near century highs relative to GDP, and equity volatility remains unusually low.
- Market analyst Jason Fernandes counters that a drop to $10,000 bitcoin would likely require a severe systemic shock and recession, calling such an outcome a low-probability tail risk compared with a milder reset or consolidation.
Top Stories
