Bitcoin Tops $70K to Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update

All but two assets in the gauge lost ground over the past week, led by UNI's 14% decline.

AccessTimeIconJun 4, 2024 at 4:14 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).

The CoinDesk 20 declined 1.3% over the past week, with nine of the 20 assets in the gauge slipping more than 4%. The index was helped as its largest component – bitcoin (BTC) – advanced 1.3% and at least briefly broke back above $70,000.

cd20 performance

The only other CoinDesk 20 constituent in the green over the past week was Cardano (ADA), which managed a 08% advance.

cd20 leaders

The index's worst performer was Uniswap (UNI), which lost 14% of its value as a governance vote related to rewards for token holders was delayed.

cd20 laggards

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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