MARKETS DAILY: CoinDesk Market Index Week in Review

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4.7 • 698 Ratings

🗓️ 23 September 2023

⏱️ 4 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 Kraken Pro. 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. For more on the CMI, you can visit: http://coindeskmarkets.com/ - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Michele Musso. All original music by Doc Blust and Colin Mealey. This episode used Wondercraft Voice AI. 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 Cracken.
0:08.2	Hello, this is Markets Daily from CoinDesk.
0:11.2	I'm Noel Atchison, and on today's show, we'll be turning it over to CoinDesk indices
0:15.4	for some weekly crypto market insights.
0:18.2	We'll be using Wondercraft AI voice for this episode. Just a reminder,
0:22.7	CoinDisc is a news source and does not provide investment advice.
0:32.5	WonderCraft AI voice is here to give you six crypto market takeaways from last week. We will start by taking a look
0:38.4	at what happened in markets in the first half of the week. Here, CoinDesk Indices provides week-on-week
0:43.9	data over seven days leading up to Tuesday, September 19th. The Defi sector has performed exceptionally
0:50.9	well recently. CoinDesk's Defi Index surged by 9.1% week-on-week, outpacing the. CoinDesk's Defi index surged by 9.1% week on week, outpacing the overall CoinDest market
0:58.7	index, which only rose by 6.4%.
1:02.0	Notable assets in this rally include AMM Thor chain, which climbed by 29%, and the yield
1:07.4	protocol Trufi, which gained 25%.
1:10.7	In the distributed computing sector, we've witnessed some positive price movements this week.
1:14.6	Several assets, such as the Shared Storage
1:17.6	with a remarkable 27% increase week-on-week,
1:21.6	and the VPN platform, Orchid, showing an 18% rise week over week,
1:26.6	which have consistently outperformed the market.
1:29.4	However, Layer 1 Avalanche stands out for its negative performance in the crypto space this week,
1:33.9	with Avax declining by 1% week on week.
1:37.8	Stay tuned for after the break when we will bring you three more takeaways from Friday, September 22nd.
1:51.8	Thank you. more takeaways from Friday, September 22nd. Meet the all-new Cracken Pro, the powerful, customizable, beautiful way to trade crypto.
	...

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