MARKETS DAILY: CoinDesk Market Index Week in Review

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4.7 • 698 Ratings

🗓️ 25 November 2023

⏱️ 5 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 Greg Magadini, director of derivatives at Amberdata. 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.
0:37.8	And stick around at the end.
0:38.9	We'll have additional analysis from Greg Magadini, Director of Derivatives at Amber Data.
0:43.9	First, Tracy Stevens, senior index manager of Coin desk indices provides markets highlights as of Tuesday, November 21st.
0:51.4	Bitcoin Cash has been a noticeable laggard of late.
0:57.5	BCH, down 6% month on month, is one of the only two assets in the 185 asset Coin Desk Market Index with negative performance over that time period.
1:04.2	The market-weighted broad market index is up nearly 30% month-on-month. Layer 2 Smart Contract
1:10.4	Platform scale, up 100% week on week, more than doubled in value
1:14.6	this week, bringing the tokens market cap above 300 million in US dollar terms.
1:20.6	Among large-cap crypto assets, Solana continues to lead the way.
1:24.6	Solana has risen an additional 8.1% over the past week, followed by Cardano,
1:29.7	which gained 6%. Maddick, which has lost 8.6% of its value since this time last week, lagged behind
1:36.2	its peers. Stay tuned. After the break, we'll bring you expert analysis on this week's
1:41.7	takeaways, provided by Greg Magadini, director of derivatives at Amber Data.
1:52.7	CME Group cryptocurrency futures and options provide market-leading liquidity for Bitcoin and
1:57.5	Ether trading. Participate in the Crypto-class Classic trading challenge from December 10th through December 15th
2:03.1	for the chance to win cash prizes.
	...

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