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CoinDesk 20 Performance Update: XLM Falls 14.6% as All Index Constituents Decline
Bitcoin was the top performer, dipping only 2.5%.
Nov 26, 2024, 2:49 p.m.
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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 3150.49, down 5.3% (-175.81) since 4 pm ET on Monday.
None of the 20 assets are trading higher.
Leaders: BTC (-2.5%) and AVAX (-2.7%).
STORY CONTINUES BELOW
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Laggards: XLM (-14.6%) and POL (-10.4%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
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Bitcoin claws back to $70,000 on cooling inflation after $8.7 billion wipeout
Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
What to know:
- Bitcoin’s price recovered above $70,000 after a drop, driven by cooler-than-expected U.S. inflation data and increased risk appetite.
- Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
- $8.7 billion in bitcoin losses were realized in the last week, potentially signaling a capitulation event and a shift of supply to stronger hands.
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