CoinDesk 20 Index Plunges 13.5% Amid Market Turmoil
The cryptocurrency market faced a sharp downturn on April 7, 2025, as the CoinDesk 20 Index suffered a significant 13.5% drop. For the first time in weeks, all 20 digital assets tracked by the index posted losses, signaling a broad sell-off and heightened investor unease.
Major assets including Bitcoin, Ethereum, and Solana saw steep declines, with altcoins bearing the brunt of the pressure. Market analysts point to a combination of profit-taking, macroeconomic uncertainty, and a wave of liquidations as key contributors to the slump.
Investors are now watching closely for signs of stabilization, but with the entire index in the red, confidence remains fragile. This sharp pullback serves as a reminder of the crypto market’s volatility, especially during periods of global financial uncertainty.
#TrumpTariffs #TrendingTopic #HotTrends #BTC #BinanceSquareFamily