XLM Plummets 14.6% as CoinDesk 20 Index Sees Overall 5.3% Decline

The CoinDesk 20 performance update shows that XLM has dropped significantly, down 14.6%. Meanwhile, Bitcoin held up better, only dipping 2.5%. Right now, the CoinDesk 20 index sits at 3150.49, which is a 5.3% decrease since 4 PM ET on Monday. It's worth noting that none of the 20 assets are trading higher.

In terms of leaders, BTC leads the pack with a 2.5% decline, followed closely by AVAX at 2.7%. On the flip side, XLM and POL are lagging behind, with declines of 14.6% and 10.4%, respectively.

The CoinDesk 20 is a broad index traded on various platforms across multiple regions globally. It provides a snapshot of the market's performance.

Tracy Stephens is the Senior Index Manager at CoinDesk Indices. She ensures the index maintains high standards of robustness and rigor, much like traditional finance. Before diving into the crypto world, she developed systematic macro-trading strategies as a quantitative researcher at Alliance Bernstein and Citibank. Tracy holds a Bachelor's degree in Math from Barnard College and a Master's degree in Data Science from the University of California, Berkeley.