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CoinDesk 20 Performance Update: Index Drops 3.9% as All Constituents Trade Lower

The CoinDesk 20 index has dropped 3.9% to a trading level of 3565.23, as all listed cryptocurrencies experienced declines. Notably, Sui (SUI) led the downward trend with a significant fall of 6.7%, followed by Filecoin (FIL) which declined by 6.3%. This trend marks a continuation from previous days, with the index reflecting negative movements as no asset within the index recorded an increase in value. The report highlighted the performance of various cryptocurrencies, with APT and POL being the least affected, recording decreases of only 0.7% and 3.4% respectively. Market reactions can be attributed to broader market conditions, as investors remain cautious amid fluctuating crypto prices.

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