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CoinDesk 20 Index Falls 2.5% as UNI and LINK Lead Losses

The CoinDesk 20 Index rose 2.8% to 4,391.98, with all tracked assets trading higher; AVAX and BCH led gains while FIL and LTC saw minimal advances.

AVAX
LINK
LTC

Summary

The CoinDesk 20 Index rose 2.8% to 4,391.98, gaining 118.19 points since 4 p.m. ET on Wednesday, according to CoinDesk Indices. All 20 cryptocurrencies in the index recorded positive performance. AVAX led with a 10.4% increase, followed by BCH at 7.8%. The lowest performers were FIL and LTC, both up by 0.9%.

Terms & Concepts
  • CoinDesk 20 Index: A market index tracking the performance of 20 major cryptocurrencies, representing a broad-based view of the crypto market.
  • AVAX: The native cryptocurrency of the Avalanche blockchain platform, used for transaction fees, staking, and governance.
  • BCH: Bitcoin Cash, a fork of Bitcoin aimed at faster and cheaper peer-to-peer payments.