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Crypto Bloodbath: CoinDesk 20 Index Plunges 3.2% as Bears Maul Every Asset

Crypto Bloodbath: CoinDesk 20 Index Plunges 3.2% as Bears Maul Every Asset

Author:
CoindeskEN
Published:
2025-05-23 13:13:04
16
3

Another red day for digital assets—no survivors.

All 20 components of the benchmark index got slaughtered, proving even crypto’s ’diversification’ is just different shades of red when Wall Street sneezes. Traders now scrambling like DeFi degens chasing the next memecoin.

Funny how these ’uncorrelated assets’ still march in lockstep with traditional markets when the Fed frowns. Maybe Satoshi should’ve coded a ’print brrr’ function after all.

9am CoinDesk 20 Update for 2025-05-23: Full Chart

Leaders: SOL (-1.1%) and BCH (-1.8%).
Laggards: SUI (-6.8%) and NEAR (-5.8%).

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

|Square

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