Crypto Market Sentiment Positive Despite BTC’s Price Weakness, CoinDesk 20 Perpetual Futures Show

Annualized funding rates have averaged around 10% to 12% on Binance and other exchanges. (Velo Data)

CoinDesk Indices, a subsidiary of CoinDesk, introduced the CoinDesk20 index on Wednesday. The CoinDesk 20 is a broad crypto market benchmark, representing over 90% of the total value. While bitcoin and ether (ETH) account for just over 50% of the index, other tokens like filecoin (FIL), stellar’s XLM, aptos’ APT, XRP, dogecoin (DOGE), and others make for the rest, making it an S&P 500-like gauge.

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