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CoinDesk Podcast Network

MARKETS DAILY: CoinDesk Market Index Week in Review

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7698 Ratings

🗓️ 28 October 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

CoinDesk Indices presents three notable market movement highlights from last week and additional commentary.  Today's episode is sponsored by CME Group. 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 of CoinDesk Indices with additional analysis from David Attermann Co-Founder and Managing Partner of Omnichain Capital. 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. - 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

This episode of Markets Daily is sponsored by CME Group.

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.

0:32.2

WonderCraft AI voice here to give you three crypto market takeaways from last week. And stick around at the end,

0:38.6

we will have additional analysis from David Aderman, co-founder and managing partner of OmniChane Capital.

0:43.9

First, Tracy Stevens from Coin Desk Indices provides week-to-date numbers over the Friday to Friday time

0:49.4

period. The price of Bitcoin experienced a significant surge this week amid hype around a potential

0:55.3

spot ETF. BTC is up another 14% since midnight on Sunday, which brings its year-to-date gain

1:02.1

to 75%. There has been a divergence in performance this month among larger protocols.

1:08.4

Solana has increased by more than 50%, while Ether is up only 7% so far in October.

1:14.0

Both are members of CoinDes' large cap select index, DLCS. Oracle provider chain link is up 21%

1:20.6

and indexer. The graph is up 19%. Both members of CoinDesk's computing sector have relatively

1:26.6

outperformed compared to other assets.

1:29.0

This continues a longer-term trend of computing sector outperformance.

1:33.1

Stay tuned. After the break, we will bring you an expert analysis of this week's takeaways

1:37.4

provided by David Aderman of OmniChain Capital.

1:49.4

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

1:53.9

of holding the physical position. No digital wallet? No problem. Trade nearly 24-7 in a transparent

1:59.2

CFTC regulated market. Visit cMEgroup.com

...

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