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Crypto Bloodbath: CoinDesk 20 Index Drops 2% as Bearish Tide Swamps Market
Crypto Bloodbath: CoinDesk 20 Index Drops 2% as Bearish Tide Swamps Market
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April 30, 2025 - The CoinDesk 20 index took a 2% haircut today as 19 of its 20 constituents flashed red. Traders got exactly what they deserved after last week’s reckless FOMO - a cold shower of reality.
Key movers: BNB led losses with a 4.5% plunge, while Bitcoin barely clung to $63k. ’Market correction’ sounds better than ’hedge funds liquidating overleveraged positions,’ doesn’t it?
Silver lining? At least the SEC can’t blame this drop on their own enforcement actions - for once.
Leaders: POL (+0.2%) and BTC (-0.6%).
Laggards: AAVE (-4.7%) and XRP (-4.0%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
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