BCH slump of nearly 11% weighs down broader cryptocurrency gauge
In its latest daily market analysis, CoinDesk Indices sheds light on the top performers and underachievers within the CoinDesk 20 Index, a diversified benchmark that spans multiple global trading platforms. As of the most recent assessment, the index has dipped by 0.6%, translating to an 11-point decline to 1862.4, relative to its standing at 4 p.m. ET on Tuesday. Notably, a significant majority - 15 out of 20 - of the constituent assets are exhibiting upward momentum. The standout gainers are NEAR, which has surged by 15.1%, and XLM, posting a 5.7% increase. Conversely, BCH and BNB are trailing behind, with losses of 10.7% and 3.4%, respectively, making them the biggest decliners in the index. With its broad representation of assets and presence across several international markets, the CoinDesk 20 Index provides a comprehensive gauge of the cryptocurrency market's overall health.