Bitcoin’s correlation with troubled software stock sector is growing
February 4, 2026
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CoinDesk 20
CoinDesk 20 Performance Update: Bitcoin (BTC) Trades Flat as Index Inches Lower
Hedera (HBAR) declined 2% and Stellar (XLM) dropped 1.6%, leading the index lower from Monday.
Read moreDetailsCoinDesk 20 performance update: index tumbles 9.3% as all constituents trade lower
Ethereum (ETH), down 13.9%, lead the index lower over the weekend.
Read moreDetailsCoinDesk 20 performance update: index slides 1.9% as all assets trade lower
Cronos (CRO) fell 4.2% and Aave (AAVE) dropped 3.7%, leading the index lower.
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CoinDesk 20 performance update: index drops 2.3% as all constituents trade lower
Avalanche (AVAX) declined 4.4% and Polkadot (DOT) fell 4.1%, leading index lower.
Read moreDetailsCoinDesk 20 Performance Update: AAVE Gains 2.9%, Leading Index Higher
Avalanche (AVAX) was also a top performer, rising 1.6% from Tuesday.
Read moreDetailsCoinDesk 20 Performance Update: Bitcoin Cash (BCH) Gains 2% While Index Declines
Polygon (POL) fell 3.1% and Internet Computer (ICP) dropped 3%, leading index lower.
Read moreDetailsCoinDesk 20 Performance Update: Polygon (POL) Drops 4%, Leading Index Lower
Internet Computer (ICP) was also among the underperformers, falling 3.9% over the weekend.
Read moreDetailsCoinDesk 20 Performance Update: Polygon (POL) Drops 2.2%, Leading Index Lower
Internet Computer (ICP) joined Polygon (POL) as an underperformer, declining 1.7% from Thursday.
Read moreDetailsCoinDesk 20 Performance Update: Bitcoin Cash Gains 1.1% While Nearly All Assets Fall
Bitcoin (BTC) and Stellar (XLM) both declined 0.1% from Wednesday.
Read moreDetailsCoinDesk 20 Performance Update: Ethereum (ETH) Drops 2.1%, Leading Index Lower
Sui (SUI) was also an underperformer, down 1.6% from Tuesday.
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