CoinDesk 20 Performance Update: Index Plunges 22.6% Amid Global Market Decline
The CoinDesk 20 experienced a major downturn over the weekend with NEAR and LINK among the hardest hit.
Binary trading platforms with better performance and payouts
CoinDesk Indices
The CoinDesk 20 experienced a major downturn over the weekend with NEAR and LINK among the hardest hit.
The CoinDesk 20 gains 1.2% overnight with BCH up 3.0% and ETC up 2.5%.
ICP dropped by 5.3% and RNDR fell by 4.1% in overnight trading.
Research from EY-Parthenon shows that many institutional and retail investors want to increase allocations to digital assets and digital assets related products, Prashant Kher, Senior Director at EY-Parthenon.
Bitcoin Cash and Litecoin lead the charge as the CoinDesk 20 Index climbs 3.0% since Friday’s close.
CoinDesk 20 Index jumped 4.4% fueled by RNDR’s 12.6% rise and NEAR’s 7.7% gain.”
The CoinDesk 20 fell nearly 100 points in overnight trading, with all assets in the red, including a 6.6% drop in ETH.
Low liquidity, regulatory uncertainty and speculative behavior contributes to inefficiency in crypto markets. But systematic approaches, including momentum indexes, can reduce risks to investors, says Gregory Mall, head of investment solutions at AMINA Bank.
The range of returns available across digital asset markets offers unique opportunities for investors, says Alex Botte, Partner at Hack VC, a crypto-native venture capital firm.
A decline of 5.6% in ICP and 5.2% in AVAX dragged the index down in overnight trading.