Markets
Bitcoin (BTC) Price Reaches $70K and Leads CoinDesk Top 20 Winners: CoinDesk Index Market Update
CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards on the CoinDesk 20 Index benchmark (CD20) and the broad CoinDesk market index (CMI).
The CoinDesk 20 fell 1.3% last week, with nine of the 20 assets in the indicator falling more than 4%. The index was helped by its largest component – bitcoin (BTC) – advanced 1.3% and at least briefly broke up $70,000.
The only other CoinDesk 20 component in the green last week was Cardano (ADA)which achieved an advance of 08%.
The worst performer on the index was Uniswap (UNI)which lost 14% of its value as a governance vote related to rewards for token holders was late.
CoinDesk 20 tracks major digital assets and can be invested in across multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture and entertainment, computing and digitalization.