CoinDesk 20 Index Drops 3.4%: Major Cryptocurrencies Like Bitcoin (BTC) and Ethereum (ETH) See Broad Market Decline

The CoinDesk 20 (CD20), a key benchmark for the largest and most liquid digital assets, recorded a significant decline of 3.4% in its latest performance update. This downturn was driven by a broad-based sell-off, with every single constituent of the index trading in negative territory. The pervasive losses across all major tokens, including leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), highlight a period of widespread market pressure and negative sentiment among investors. This uniform downward movement suggests a strong bearish trend impacting the entire crypto market cap, as traders and institutions reassess risk. Analysts are monitoring key support levels for assets within the index to gauge the potential for further correction or a near-term stabilization.