MARKETS DAILY: CoinDesk Market Index Week in Review

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CoinDesk

Business News, News, Daily News, Tech News

4.7 • 698 Ratings

🗓️ 18 November 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

CoinDesk Indices presents six notable market movement highlights from last week. Today's episode is sponsored by CME Group and PayPal. To get the show every day, follow the podcast here. The CoinDesk Market Index (CMI) functions as a benchmark for the performance of the digital asset market, delivering institutional quality information to digital asset investors. Today’s takeaways are provided by Tracy Stephens, senior index manager of CoinDesk Indices with additional analysis from Todd Groth, head of index research at CoinDesk Indices. For more on the CMI you can visit: http://coindeskmarkets.com/. - From our sponsors: CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more. Disclaimer: This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. - PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD. Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years. Get started now at paypal.com/pyusd. - This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode of Markets Daily is sponsored by CME Group and PayPal.
0:09.3	Hello, this is Markets Daily from CoinDesk.
0:12.3	I'm Noel Atchison, and on today's show, we'll be turning it over to CoinDesk indices for some weekly crypto market insights.
0:19.3	We'll be using Wondercraft AI voice for this episode.
0:22.7	Just a reminder, CoinDisc is a news source and does not provide investment advice.
0:33.5	WonderCraft AI voice here to give you three crypto markets takeaways from last week. And stick around at the end we'll have additional analysis from Todd Groth,
0:41.3	head of research at CoinDesk Indeces.
0:44.3	First, Tracy Stevens, senior index manager of CoinDesk Indices,
0:49.3	provides week-to-date numbers over the Friday to Friday time period.
0:53.3	Among large-cap assets, performance
0:56.0	has been mixed. Three of the five assets in the Large Cap Select Index are in the red so far
1:01.0	this week, those being Bitcoin down 1.4%, Ada down 1.7%, and Ether down 4.3%. However,
1:09.3	Madik, up 4.7%, and Sol, up 2.5%, continue to outperform.
1:15.0	The Computing Sector Index saw a pullback this week, down 6.1% as major assets in the decentralized
1:21.3	computing space saw drawdowns. These include ChainLink, down 14% week-to- date, and the graph down 4.7%.
1:29.4	Layer 1 Smart Contract Platform, Avalanche, up 33% week to date, is a top performer this week.
1:36.2	This comes following what has been a banner year for Solana, another alternative layer 1, which is up nearly 5x on the year.
1:43.4	Stay tuned. After the break, we'll bring you expert
1:45.8	analysis on this week's takeaways provided by Todd Groth, head of research at Coin Desk Indices.
1:57.6	CME Group cryptocurrency futures and options provide market-leading liquidity for Bitcoin and Ether trading.
2:03.6	Participate in the Crypto Classic Trading Challenge from December 10th through December 15th for the chance to win cash prizes.
2:09.9	Compete against your peers while test driving your crypto strategies in a risk-free simulated environment.
	...

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