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Rotation Within Coindesk Market Index Sectors Bears Similarities to Tradfi Trend

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Rotation Within Coindesk Market Index Sectors Bears Similarities to Tradfi Trend

Money is searching for quality in both traditional and digital assets, as investors appear to favor safety above all for right now.

CoinDesk Indices (CDI) data shows the Currency Select Index (CCYS), anchored by bitcoin (BTC), and the Smart Contract Platform Index (SCPX), anchored by ether (ETH), outperforming other select sectors within the CMI universe.

CMI sectors represent comprehensive groupings of digital assets by sector, allowing for measurement of performance and a comparison.

What today’s data shows is that, similar to in past market cycles, flights to safety within the cryptosphere is translating to movement of capital into BTC and ETH, relative to other coins.

On the other end of the spectrum, the more speculative Computing Index (CPU) and Culture & Entertainment (CNE) have lagged other sectors in both week to date and month to date performance.

Rotation Within Coindesk Market Index Sectors Bears Similarities to Tradfi Trend

Source: ethereum.today

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