Ether Holds Up Despite Correction in CoinDesk 20: CoinDesk Indices Market Update

The CoinDesk 20 slipped 6.8% over the past week, bringing its loss to 21% for the month of April. Each of the 20 assets in the index traded lower over the past seven days, with Tuesday's unexpectedly soft launch of spot bitcoin and ether ETFs in Hong Kong adding to the sour action.has fared relatively well amidst the broader market downturn, lower by just 0.5% over the past week, the smallest decline in the CoinDesk 20.

CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

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Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed CommentaryStephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
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