CoinDesk 20 Performance Update: ADA Gains 12%, Leading Index Higher
The CoinDesk 20 index reported a positive performance update, with Cardano (ADA) leading the charge by gaining 12%. Internet Computer (ICP) also showed strong performance, rising by 10.6%. As of the report published on January 3, 2025, the CoinDesk 20 index was trading at 3594.2, up 1.8% since the previous day at 4 p.m. ET, with 19 out of 20 assets trading higher. In contrast, Bitcoin (BTC) experienced a slight decline of 1.0%, while Ethereum (ETH) rose by 0.6%. This update indicates a generally favorable market sentiment, particularly for ADA and ICP, while major players like BTC showed some weakness. Tracy Stephens, Senior Index Manager at CoinDesk Indices, oversees the integrity of the trading index, ensuring it meets the rigorous standards of traditional financial markets.
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