Bitcoin Trades Around $57K, Crypto Market Drops 6% in Run-Up to Fed Decision
BTC is down about 6.3% in the last 24 hours having dropped below the $60,000 support level late on Tuesday.
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May 1, 2024 at 8:22 a.m. UTC
May 1, 2024
The CoinDesk 20 includes trading and liquidity requirements to support product implementation at scale. The CoinDesk 20 is market-capitalization-weighted to improve diversification with a 30% cap on the largest member (currently Bitcoin) and a 20% cap on all other members (currently capping Ether). The CoinDesk 20 is a subset of the CoinDesk Market Index (CMI) which is drawn from the Digital Asset Classification Standard (DACS) universe. The index is updated every five seconds and reconstituted and rebalanced quarterly following a robust and transparent governance framework.