CoinDesk
The CoinDesk 20 traded at 1751.54, down 3.7% (-67.17) since 4 p.m. ET on Wednesday, with 19 of 20 constituents in the red. Bitcoin Cash (BCH) was the sole gainer at +1.5%, while HBAR limited the damage to -2.1%.
The laggards told a heavier story: NEAR Protocol fell 15.2% and Internet Computer dropped 13.1%, with both moves well outside the index's headline 3.7% slide.
Why it matters
A broad-based index where nineteen of twenty names print red is a market-wide risk-off tape, not a single-asset story. The dispersion — BCH grinding higher while NEAR and ICP shed double digits — points to rotation rather than a uniform selloff, with capital evidently exiting mid-cap smart-contract platforms faster than the older UTXO chains.
Frequently asked questions
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What is the CoinDesk 20 index?
The CoinDesk 20 is a broad-based crypto index tracking twenty major digital assets, traded on multiple platforms in several regions globally.
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How much did the CoinDesk 20 drop in this update?
The index fell 3.7% to 1751.54, a decline of 67.17 points from its 4 p.m. ET Wednesday level.
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Which asset was the only gainer in the CoinDesk 20?
Bitcoin Cash (BCH) was the sole gainer, up 1.5%, while nineteen of the twenty constituents finished lower.
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Which assets led the CoinDesk 20 lower?
NEAR Protocol (NEAR) declined 15.2% and Internet Computer (ICP) dropped 13.1%, both well beyond the index's headline slide.
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Why does dispersion among index constituents matter?
When a broad index prints red but one name rallies while others shed double digits, it points to rotation rather than uniform selling — capital exiting some sectors faster than others.
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