Latest news with #CD20Index
Yahoo
05-07-2025
- Business
- Yahoo
ATOM Tumbles 4% as Sellers Target Critical $4 Support Level
Cosmos' ATOM token slumped by 4% in the past 24 hours as Thursday's short-lived crypto rally came to a halt on Friday. Market volatility has been lower on Friday, in part due to the nation July 4th holiday in the U.S. Bitcoin attempted to form a new record high on Thursday but fell just short, sliding from $111,000 to $108,000, with the majority of altcoins like ATOM following its lead. Technical analysis ATOM-USD experienced a notable decline of $0.17 (3.95%) during the 24-hour period from 3 July 15:00 to 4 July 14:00, with price dropping from $4.22 to $4.06. The asset established a clear downtrend after failing to maintain support at $4.17, with high-volume selling emerging at the $4.09 level. Volume spiked to 588,338 units during the 7:00 hour on July 4th—significantly above the 24-hour average. Multiple attempts to establish support near $4.07 have been rejected, suggesting continued bearish momentum. During the 60-minute period from 4 July 13:06 to 14:05, ATOM-USD declined by $0.03 (0.61%), dropping from $4.09 to $4.06. A brief recovery attempt occurred at 13:53 with price reaching $4.07, but momentum failed to sustain as sellers returned. The pattern of lower highs and lower lows confirms continuation of the broader bearish trend approaching the psychological $4.00 support level. CD20 Index Plunges 2% as Crypto Market Sentiment Deteriorates The CD20 index has experienced a notable bearish trend over the last 24 hours from 3 July 15:00 to 4 July 14:00, declining from $1,803.70 to $1,765.27, representing a substantial drop of $38.43 or 2.13%. The overall range of $38.84 (2.15%) highlights persistent selling pressure, with particularly accelerated downward momentum in the final hours as the index reached its lowest point of $1,764.86 at 14:00, suggesting deteriorating market sentiment despite brief consolidation attempts around the $1,780 level.
Yahoo
19-02-2025
- Business
- Yahoo
Zerocap Launches Australia's First Tailored Crypto Product Linked to CoinDesk 20 Index
HONG KONG - Australian digital assets market maker Zerocap has partnered with CoinDesk Indices to offer Australia's first options-based structured products on the CoinDesk 20 Index (CD20), the company said at Consensus Hong Kong. The partnership introduces sophisticated and tailored investment strategies usually found in traditional markets, a significant advancement for the cryptocurrency industry. It will allow institutions and other sophisticated market participants to take risk-managed diversified exposure to digital assets that go beyond just bitcoin and ether while offering additional features like downside protection, volatility management and yield enhancement. The new offering demonstrates the increasing demand for scalable and diversified institutional-grade cryptocurrency products following the debut of spot ETFs in the U.S. last year. The CoinDesk 20 Index, which has surged 456% over the past five years, provides a diversified alternative to the standard 70/30 bitcoin-ether portfolio split by broadening exposure to other leading crypto assets. "This partnership with CoinDesk Indices brings sophisticated, structured options to the crypto market for the first time, offering our clients enhanced ways to invest in digital assets with tailored risk and diversification benefits," said Mark Hiriart, head of sales at Zerocap. Alan Campbell, President of CoinDesk Indices, said the CD 20 Index caters to the growing demand for diversified digital assets exposure and Zerocap's decision to debut structured products tied to the same is a significant step forward in serving global clientele.
