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Bitcoin Cash Rally Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update
All but two cryptos in the index posted losses, led by double-digit declines in APT and DOGE.
CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).
Bitcoin Cash (BCH) (+6.6%) and Internet Computer (ICP) (+4.6) is the only members of the CoinDesk 20 to close Thursday with positive returns on the week.
STORY CONTINUES BELOW
Several cryptos that have led the index of late pulled back this week, including aptos (APT) and dogecoin (DOGE), each falling more than 14%.
Within the CoinDesk DeFi Index, the majority of index members lost ground this week. Three emerging protocols, however, posted gains: Solana-based liquid staking protocol Jito (JTO), atomic swaps network Synapse (SYN) and swap aggregator Jupiter (JUP).
CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.
Tracy Stephens
Tracy Stephens is Senior Index Manager at CoinDesk Indices, where she works to maintain the high standards of robustness and rigor of systematic trading found in traditional finance in index and data products. Before transitioning into crypto, she built systematic macro-trading strategies as a quantitative researcher at Alliance Bernstein, one of the largest asset managers in the U.S., and at Citibank. Tracy holds a Bachelor's degree in Math from Barnard College and a Master's degree in Data Science from the University of California, Berkeley.
