The CoinDesk 20 Index has experienced significant declines across its constituents over the weekend, with none of the assets trading higher. The current top performer in terms of decline is UNI (Uniswap), which has plummeted 14.4% since Friday.
The CoinDesk 20 Index has experienced significant declines across its constituents over the weekend, with none of the assets trading higher. As of 2 p.m. ET on Monday, the index is trading at 3657.28, down 7.0% (-274.43) from Friday’s close.
The current performance of the CoinDesk 20 Index can be broken down into several categories. The leaders in terms of decline are UNI (Uniswap), which has plummeted 14.4% since Friday, followed by RENDER, which has fallen 12.5%. On the other hand, Bitcoin (BTC) and BCH have also experienced significant declines, with losses of 4.1% and 4.9%, respectively.
The CoinDesk 20 Index is a broad-based index that is traded on multiple platforms in several regions globally. It is designed to provide “a comprehensive view of the cryptocurrency market’s performance.” The index currently consists of 20 assets, which are carefully selected to represent the overall market sentiment and trends.
Tracy Stephens is the Senior Index Manager at CoinDesk Indices, responsible for maintaining the high standards of robustness and rigor in systematic trading found in traditional finance. Before joining CoinDesk Indices, she worked as a quantitative researcher at Alliance Bernstein and Citibank, where she developed macro-trading strategies. She holds a Bachelor’s degree in Math from Barnard College and a Master’s degree in Data Science from the University of California, Berkeley.
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