Coinbase 50 index review June: 21.31 per cent drop

The June review of the Coinbase 50 Index (Coin50), published by Coinbase Institute, showed that the index fell by 21.31 per cent that month, influenced mainly by the expectation that interest rates would remain high over the longer term, the diversion of funds to AI and the technology block, and a record outflow of available ETF funds. All the plates covered by the index recorded a decline of 9.55 per cent in the DeFi plate and 35.85 per cent and 28.43 per cent, respectively, in the top media and entertainment. With regard to tokens, the increase of AAVE by 4.18 per cent, or 3.01 per cent and 7.59 per cent, respectively, for the best-performing ingredient of the month, was recorded in PENDLE and UNI, but the sharpest decline in CHZ was still recorded, at 44.79 per cent, and in APT, ADA, MNT and XTZ by more than 37 per cent。