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CoinDesk 20 Performance Update: FIL Declines 13% as Nearly All Assets Trade Lower
Ethereum Classic joined Filecoin as a top underperformer, falling 11.7%.
Dec 9, 2024, 2:42 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 3857.2, down 3.7% (-150.02) since 4 pm on Friday.
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One of 20 assets are trading higher.
Leaders: XRP (+1.3%) and LINK (-0.1%).
Laggards: FIL (-13.0%) and ETC (-11.7%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
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Is XRP crashing? The sustained break below $2 signals trouble
XRP's price chart paints a bearish picture, but a softer-than-expected U.S. inflation could spark a rebound.
What to know:
- XRP bears have finally established a solid foothold below the $2 support.
- This may draw more sellers to the market, potentially yielding a deeper slide.
- Other key indicators favor the bearish outlook.
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