CoinDesk
The CoinDesk 20 Index closed Friday's session at 1975.1, down 0.8% (-14.99) since 4 p.m. ET Thursday, with breadth notably weak — just three of the twenty constituents finished higher.
Bittensor (TAO) led the index lower with a 4% drop, followed by Internet Computer (ICP) at -3.8%. On the other side, NEAR (+1%) and HBAR (+0.5%) were the only meaningful gainers, neither strong enough to offset the broader softness.
Why it matters
The CoinDesk 20 is a broad-based basket traded across multiple venues and regions, so a session where 17 of 20 names close red is more telling than the modest 0.8% headline decline. Heavy underperformance from AI-linked TAO alongside a large-cap like ICP points to broad-based risk-off rather than a single-asset story — the kind of tape where idiosyncratic catalysts stop mattering and macro flow drives the bid.
Market impact
With breadth this thin, the index is more a proxy for general crypto sentiment than for any sector rotation. Watch the next session for whether the three green names hold their bid or get pulled into the broader weakness — that distinction will tell traders whether the laggards were idiosyncratic or simply symptomatic.
Frequently asked questions
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What is the CoinDesk 20 Index currently trading at?
The CoinDesk 20 closed at 1975.1, down 0.8% (-14.99) since 4 p.m. ET Thursday, with only three of twenty constituents finishing higher.
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Which assets were the biggest laggards in this CoinDesk 20 update?
Bittensor (TAO) led the index lower with a 4% drop, followed by Internet Computer (ICP) at -3.8%.
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Which assets led the CoinDesk 20 higher in this session?
NEAR gained 1% and HBAR added 0.5% — the only meaningful gainers on a day when 17 of 20 constituents closed red.
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What does the breadth signal in this CoinDesk 20 update?
With 17 of 20 names closing red, the session points to broad-based risk-off sentiment rather than a single-asset story, despite the modest 0.8% headline decline.
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What is the CoinDesk 20 Index?
The CoinDesk 20 is a broad-based market index traded on multiple platforms in several regions globally, designed to track the performance of leading digital assets.
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