Bitcoin and Ethereum Show Relative Resilience Amid Widespread Losses: CoinDesk Indices Market Update

CoinDesk Indices (CDI) has released its bi-weekly market update, shedding light on the performance of leading and lagging digital assets in the benchmark CoinDesk 20 Index (CD20) and the broader CoinDesk Market Index (CMI).

According to the report, all 20 assets in the CoinDesk 20 experienced losses over the past week. However, Bitcoin (BTC) and Ethereum (ETH) stood out by outperforming their peers, with losses of 12.1% and 16.6% respectively for the seven days leading up to Monday. On the other hand, Uniswap (UNI), Filecoin (FIL), and Aptos (APT) were hit the hardest by the selloff, each experiencing losses of over 35%. In total, five cryptocurrencies saw declines of more than 30% over the past week.

In the broader CMI universe, which includes 187 tradable digital assets, only three tokens managed to outperform Bitcoin during the same period. Ondo (ONDO), a real-world assets (RWA) platform, was the only coin to show positive returns.

The CoinDesk 20 Index tracks the top digital assets and is available for investment on various platforms. Meanwhile, the CMI consists of approximately 180 tokens spread across seven crypto sectors, including currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.

The market update highlights the relative resilience of Bitcoin and Ethereum amid the widespread losses seen across the cryptocurrency market. Investors and traders are advised to closely monitor the performance of these leading digital assets as the market continues to fluctuate.

The full market update can be accessed on the CoinDesk website at the following link: [CoinDesk Market Update](