Bitcoin Cash's 29% Advance Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update

All but three cryptos in the index posted losses last week, with alternative L1s NEAR, APT, and AVAX declining the most.

AccessTimeIconApr 2, 2024 at 7:07 p.m. UTC
Updated Apr 2, 2024 at 7:09 p.m. UTC

CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).

Only three assets in the CoinDesk 20 closed higher compared to one week ago: bitcoin cash (BCH) up 29%, dogecoin (DOGE) up 9% and litecoin (LTC) up 0.5%. Bitcoin cash has gained more than 4x year-over-year, but still maintains a market cap that is less than 1% of that of bitcoin (BTC).

cd20 leaders

Six assets in the CoinDesk 20 weakened more than 10% this past week, led by Layer 1s (NEAR), (APT) and (AVAX).

cd20 leaders

The CoinDesk 20 Index fell 4.3% over the week, with 17 assets declining. Bitcoin and ether (ETH) contributed to this downturn, dropping 3.8% and 5.5%, respectively.

performance by time period

CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.

Edited by Stephen Alpher.


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Tracy Stephens

Tracy Stephens is a Senior Index Manager at CoinDesk Indices.

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