CoinDesk 20 Index Drops 2.5% as All 20 Cryptocurrencies See Losses

The CoinDesk 20 (CD20), a benchmark index tracking major digital assets, fell 2.5% in its latest performance update. The decline was broad-based, with every single one of the index's 20 constituents trading in negative territory. This widespread downturn highlights a period of selling pressure across the top tier of the cryptocurrency market. Key assets like Bitcoin (BTC) and Ethereum (ETH), which hold significant weight in the index, contributed to the overall drop. Market analysts are monitoring the trend to see if this represents a short-term correction or the start of a broader bearish phase for crypto assets.