According to CoinDesk, the CoinDesk 20 Index experienced a notable increase, reaching 2652.8, marking a 3.4% rise, equivalent to an 86.98-point gain since 4 p.m. ET on Tuesday. This upward trend reflects a positive performance across all 20 assets included in the index.
Leading the gains were NEAR and AAVE, which saw increases of 7.3% and 6.1%, respectively. These assets outperformed others in the index, showcasing strong market interest and investment activity. On the other hand, BCH and BTC were identified as the laggards, with BCH rising by 1.9% and BTC by 2.0%. Despite being labeled as laggards, these assets still contributed to the overall positive movement of the index.
The CoinDesk 20 is a comprehensive index that is traded on various platforms across multiple regions worldwide. It serves as a barometer for the performance of key digital assets, providing insights into market trends and investor sentiment. The broad-based nature of the index ensures a diverse representation of the digital asset market, capturing movements across different sectors and geographies.