CoinDesk
The CoinDesk 20 Index traded at 2196.49 on Tuesday, down 1.6% (-36.49 points) since 4 p.m. ET on Monday, with breadth heavily skewed to the downside: just three of twenty constituents were in the green.
Why it matters
Sui (SUI) was the session's biggest loser at -4.9%, followed by Bittensor (TAO) at -4.4% — both AI- and infrastructure-adjacent names selling off harder than the broader basket. On the other side, Crypto.com's CRO added 1.9% and BNB edged up 0.2% as the only meaningful leaders, leaving the index without a clear bid from the majors.
Market impact
The split between leaders and laggards points to rotation rather than broad-based risk-off: exchange tokens held up while higher-beta infrastructure names absorbed the selling. With only three of twenty constituents positive, the index's drawdown reflects concentrated weakness in a handful of names rather than a uniform move lower across crypto majors.
Frequently asked questions
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What is the CoinDesk 20 Index?
The CoinDesk 20 is a broad-based market index tracking 20 leading crypto assets, traded on multiple platforms in several regions globally.
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How much did the CoinDesk 20 fall in this update?
The index dropped 1.6% (-36.49 points) to 2196.49 since 4 p.m. ET on Monday, with only 3 of 20 constituents trading higher.
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Which assets were the biggest laggards?
Sui (SUI) led decliners at -4.9%, followed by Bittensor (TAO) at -4.4%.
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Which assets led the index higher?
Crypto.com's CRO added 1.9% and BNB edged up 0.2% as the only meaningful leaders in the session.
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What does the leaders-vs-laggards split suggest about market conditions?
The split points to rotation rather than broad-based risk-off: exchange tokens held up while higher-beta infrastructure names like SUI and TAO absorbed the selling.
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