Over the weekend, Stellar (XLM) struggled significantly, experiencing a drop of 6.6%.
Chainlink (LINK) also faced headwinds, falling by 6.2% during the same period.
Market Overview
This overview, brought to you by CoinDesk Indices and crafted by Tracy Stephens, with edits by Sheldon Reback, reflects the trading landscape as of December 30, 2024, at 2:32 p.m. UTC.
The current status of the CoinDesk 20 Index stands at 3254.32, which marks a decline of 1.8%, equating to a loss of 60.38 from last Friday’s close at 4 p.m.
Performance Highlights
Among the diverse array of 20 cryptocurrencies tracked in the index, only three managed to dodge the downward trend and post gains.
Notably, SOL has risen by 2.5%, while APT saw a smaller increase of 0.8%.
On the other hand, XLM and LINK were among the notable laggards, suffering substantial losses that characterized the weekend’s trading activity.
Conclusion
The CoinDesk 20 Index serves as a key benchmark for the cryptocurrency market, encompassing a wide selection of assets traded on various global platforms.
Through the lens of natural language processing, this comprehensive overview captures the prevailing market sentiment and performance across mainstay cryptocurrencies.
Source: Coindesk
