CoinDesk 20 Rallies 3.2% as Crypto Market Shows Broad-Based Strength

The CoinDesk 20 Index surged 3.2% this week as all constituent tokens posted gains—a rare show of unanimous bullish momentum in crypto markets.

Key drivers: Bitcoin reclaimed $65K while Ethereum’s Shanghai upgrade fueled ETH’s 5% weekly gain. Even laggard assets like XRP joined the party with 2% upside.

Market sentiment flipped decisively risk-on after last week’s Fed pause, with traders rotating out of stablecoins and into altcoins. The ’everything rally’ even boosted meme coins—much to institutional investors’ chagrin.

Warning: This coordinated move smells like over-leveraged traders front-running the halving. When everyone’s winning, someone’s about to get rekt.

Leaders: SUI (+8.2%) and AAVE (+5.9%).

Laggards: ICP (+0.7%) and FIL (+1.4%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.