Bitcoin and Ether Show Relative Resilience Amid Widespread Losses: CoinDesk Indices Market Update

Five cryptos lost more than 30% this week, led by steep declines in Uniswap and Aptos.

AccessTimeIconApr 16, 2024 at 4:48 p.m. UTC
Updated Apr 16, 2024 at 8:52 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).

All 20 assets in the CoinDesk 20 lost ground over the past week, but Bitcoin (BTC) and ether (ETH) outperformed peers, losing 12.1% and 16.6%, respectively, for the seven days ending on Monday.

cd20 leaders

Uniswap (UNI), filecoin (FIL) and Aptos (APT) bore the brunt of the selloff with losses of more than 35%. Overall, five cryptos fell more than 30% over the last week.

cd20 laggards

Within the broader CMI universe, which contains 187 tradable digital assets, only three tokens outperformed bitcoin over the week. Real-world assets (RWA) platform Ondo Finance's governance token (ONDO) was the only coin with positive returns.

cmi leaders

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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