The CoinDesk 20 Index, which tracks the performance of major cryptocurrencies, has seen a significant downturn, currently valued at 1681.25. This marks a decline of 4.8% or 84.48 points since last Thursday at 4 p.m. ET.

All twenty cryptocurrencies included in the index are experiencing losses, with Bitcoin (BTC) dropping 2.8% and BNB falling by 2.9%. Notably, ICP faced the steepest decline, plummeting 14.6%, while NEAR also saw a significant drop of 14.3%.

The CoinDesk 20 Index is a widely recognized benchmark that reflects the trading conditions of digital assets across various global platforms.