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CoinDesk 20 Performance Update: Index Declines 2.7% as All Constituents Trade Lower

The CoinDesk 20 Index recently experienced a decline of 2.7%, with all included assets trading lower. Bitcoin Cash (BCH) led the downturn, dropping 7%, while Ripple (XRP) fell by 4.7%. Neither of the 20 cryptocurrencies in the index showed any gains, indicating a broad negative trend in the market. The index was recorded at 2948.21, marking a decrease of 82.39 since the previous day. The leading assets showed minor losses, with NEAR at -0.9% and CRO at -1.0%. Overall, the sentiment in the market reflected a bearish stance, with Bitcoin notably maintaining key support levels despite these declines and an ongoing focus from traders on upcoming financial reports that could influence cryptocurrency prices.

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