The cryptocurrency market continues to decline, with the CoinDesk 20 experiencing a downturn. Despite this trend, several assets are showing resilience, bucking the overall downward trend.
The CoinDesk 20 has taken a hit, currently trading at 3686.16, down 0.8% (-30.23) since 4 p.m. ET on Tuesday.
The cryptocurrency market has experienced significant growth since its inception in 2009.
As of 2022, the global cryptocurrency market capitalization stands at over $2 trillion.
Bitcoin, the first and most widely used cryptocurrency, accounts for approximately 40% of the market share.
Other popular cryptocurrencies include Ethereum, Ripple, and Litecoin.
The market has attracted investors from around the world, with many seeing it as a high-risk, high-reward opportunity.
Among the 20 assets tracked by the index, four are showing resilience in an otherwise downtrend. UNI (+5.1%) and NEAR (+0.5%) are bucking the trend, while ICP (-3.2%) and BCH (-2.2%) are struggling to stay afloat.
The CoinDesk 20 is designed to provide a broad-based view of the cryptocurrency market. With its global reach and multiple trading platforms, it serves as an essential tool for investors and traders seeking to navigate the complex landscape of cryptocurrencies.
- coindesk.com | ICP Suffers Decline Amid Indexs Overall Downward Trend
