CoinDesk 20 Overview: POL Falls 7.7%, Leading to a Decline in the Index

Cardano and POL Show Notable Losses in CoinDesk 20 Index

The CoinDesk 20 Index, a broad representation of cryptocurrency assets traded globally, is currently down 2.9%, settling at 2,591.55 as of 4 pm on Monday. Despite minor gains for a few assets, the index remains under pressure, with only three out of the 20 assets trading higher.

Leaders:

• XLM: +4.2%
• XRP: +3.4%

Laggards:

• POL: -7.7%
• Cardano (ADA): -7.0%

Cardano (ADA) has seen a 7% drop since Monday, marking it as one of the largest decliners within the index. POL has also been underperforming, with a significant 7.7% decrease.

This CoinDesk 20 update highlights the continued volatility within the crypto market, with varying performance among assets and a broad trend of decline.