The CoinDesk 20 Index closed higher today, driven by strong gains in Stellar (XLM) and Ripple (XRP), as nineteen of the twenty tracked digital assets posted positive returns.
The index, which measures the performance of the top 20 most liquid cryptocurrencies, rose 2.8% (+111.1 points) to 4044.63 as of 4 p.m. ET.
Top Performers: XLM $XLM and XRP $XRP Lead the Charge
Stellar (XLM): +12.3% — The biggest gainer of the day, XLM saw a surge in buying momentum, possibly driven by renewed interest in cross-border payments and remittance technology.
Ripple (XRP): +8.0% — XRP followed closely, supported by broader market optimism and ongoing institutional adoption trends.
Laggards: BTC $BTC and LTC Struggle
While most assets traded higher, a few underperformed:
Bitcoin (BTC): -0.3% — A slight dip despite overall market gains.
Litecoin (LTC): +0.3% — Technically positive, but far below the day’s average performance.
Broader Market Outlook
The CoinDesk 20 provides a snapshot of global crypto market health across multiple exchanges and regions. With 19 of 20 assets in the green, analysts note strong sentiment heading into the weekend, though profit-taking on leaders like XLM and XRP remains possible.
Key Stats:
Index Level: 4044.63
Daily Change: +2.8% (+111.1 points)
Leaders: XLM (+12.3%), XRP (+8.0%)
Laggards: BTC (-0.3%), LTC (+0.3%)
