On May 5, 2025, CoinDesk reported a decline in the CoinDesk 20 index, which dropped 2.9% to 2699.5, reflecting a broader downturn in the crypto market over the weekend. Notably, Near Protocol (NEAR) and Avalanche (AVAX) both underperformed, experiencing a significant fall of 7.4%. Despite the overall decline, there were some positive performers; SUI and LTC each saw a slight increase of 0.7%. The report highlighted the day's market leaders and laggards, providing insight into the temporary fluctuations experienced within the cryptocurrency ecosystem. The CoinDesk 20 index features various prominent digital assets and is traded across multiple platforms globally, underscoring its relevance in tracking crypto market trends.
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