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CoinDesk Podcast Network

MARKETS DAILY: CoinDesk Market Index Week in Review

CoinDesk Podcast Network

CoinDesk

News, Business News, Tech News, Daily News

4.7698 Ratings

🗓️ 16 September 2023

⏱️ 4 minutes

🧾️ Download transcript

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 Eleanor Pahl. 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.

0:32.3

WonderCraft AI voice here to give you six crypto markets takeaways from last week. We'll start by taking a look at

0:38.7

what happened in markets during the first half of the week. Here, CoinDesk Indices provides week-on-week

0:44.5

data over the seven days leading up to Tuesday, September 12th. The culture and entertainment sector,

0:50.4

which contains digital assets associated with art, media, and the Metaverse,

0:55.4

lagged early this week relative to the rest of the market, including Immutable X, down 11%,

1:00.9

ape coin down 15%, and Axi Infinity down 7.8%. The majority of the market was down Tuesday to

1:08.3

Tuesday, meaning 159 of the 183 assets in the

1:12.5

Coin-desk market index.

1:14.3

Bitcoin, however, relatively outperformed, while Ethereum relatively underperformed.

1:19.7

Over the past seven days leading to Tuesday, only four protocols in the 183 asset

1:24.4

Coin Desk Market Index saw double-digit appreciation.

1:28.5

These include automated market maker perpetual protocol of 41%, shared storage network, storage

1:34.2

of 25%, social platform origin protocol, up 20%, and smart contract platform chromia,

1:40.3

up 16%.

1:41.2

Stay tuned for after the break when we'll bring you three more takeaways from the week.

1:51.8

Meet the all-new Cracken Pro, the powerful, customizable, beautiful way to trade crypto.

...

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