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CoinDesk 20 Performance Update: DOT Falls 5.1% as Index Declines From Thursday
Litecoin joined Polkadot as an underperformer, falling 3.8%.
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 3830.63, down 0.2% (-7.76) since 4 p.m. ET on Thursday.
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Six of 20 assets are trading higher.
Leaders: UNI (+7.7%) and RENDER (+5.8%).
Laggards: DOT (-5.1%) and LTC (-3.8%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
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Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Lo que debes saber:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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