According to CoinDesk, the bi-weekly market update for the CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI) reveals that only three assets closed higher compared to one week ago. Bitcoin cash (BCH) increased by 29%, dogecoin (DOGE) by 9%, and litecoin (LTC) by 0.5%. Despite a more than 4x year-over-year gain, bitcoin cash's market cap remains less than 1% of bitcoin's (BTC).
Six assets in the CoinDesk 20 weakened by over 10% in the past week, led by Layer 1s (NEAR), (APT), and (AVAX). The CD20 Index fell 4.3% over the week, with 17 assets declining. Bitcoin and ether (ETH) contributed to this downturn, dropping 3.8% and 5.5%, respectively. The CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI includes around 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.