Crypto Market Sees Mixed Trends with Leaders and Laggards
CoinDesk Indices' bi-weekly update reports mixed results with Bitcoin marginally up, Ether dropping, and Dogecoin leading the gains.
May 10, 2024
Bi-Weekly Crypto Market Performance
The most recent market update provided by CoinDesk Indices (CDI) examines the varied performance of the prominent cryptocurrencies in the CoinDesk 20 Index (CD20) and the CoinDesk Market Index (CMI).
Bitcoin vs. Ether: A Divergent Path
Among the CD20's components, Bitcoin (BTC) witnessed a slight increase, while Ether (ETH) experienced a 1.7% drop compared to last Friday's closing figures. Dogecoin (DOGE) came out as the top performer, with NEAR following suit, showcasing a commendable surge in value this year.
The CoinDesk 20 and Market Fluctuations
While some cryptocurrencies made gains, Internet Computer (ICP) didn't fare as well, declining substantially from its peak in March. The CD20 encompasses major cryptocurrencies and is available for investment on multiple platforms, whereas the extensive CMI measures a broad range of tokens across different sectors.
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