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CoinDesk 20 Performance Update: XRP Falls 9.9%, Leading Index Lower from Monday
Litecoin also joined Ripple as an underperformer, falling 6.1%.
Dec 3, 2024, 2:20 p.m.
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 3764.72, down 2.6% (-100.09) since 4 pm ET on Monday.
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Nine of 13 assets are trading higher.
Leaders: HBAR (+11.0%) and POL (+9.8%).
Laggards: XRP (-9.9%) and LTC (-6.1%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
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Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
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