Red Tuesday: CoinDesk 20 Dips 2.4% as Every Single Constituent Plays Dead

CoinDesk Indices serves up today's serving of pain with its daily market update. The CoinDesk 20 is having one of those days—currently hovering at 1917.55, down 2.4% (that's -47.87 points) since yesterday's close. Somewhere, a Bitcoin maximalist is quietly enjoying this.

For the purists out there: yes, all 20 assets are in the red. Not a single green candle to be found anywhere. This is what they call "unified sentiment" or, more accurately, a collective faceplant.

On the leaderboard of least-bad performance, we have BCH and CRO, both down a modest 1.0%. Congratulations, you're the winners by technicality. Someone get these two a participation trophy—they've earned it.

Now for the real damage report: AAVE took the heaviest hit at -8.5%, followed by AVAX bleeding -7.6%. Yikes. Someone's DeFi yields are looking less like yields and more like a donation to the volatility gods.

For the uninitiated, the CoinDesk 20 is a broad-based index available for trading on multiple platforms across several regions globally. It's basically a diversified bag of pain, and today that pain is evenly distributed.