MARKETS DAILY: CoinDesk Market Index Week in Review

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 11 November 2023

⏱️ 6 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 of CoinDesk Indices with additional analysis from Connor Farley, CEO of Truvius. 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.
0:38.1	And stick around at the end.
0:39.1	We'll have additional analysis from Connor Farley, CEO of Truvius.
0:43.0	First, Tracy Stevens of Coin Desk Indices provides week-to-date numbers over the Friday to Friday time period.
0:50.2	The crypto asset class continued its upward trend with the Coin Desk Market Index,
0:55.0	registering a 7.4% increase so far this week.
0:58.7	This surge brings the 185 asset broad market indexes year-to-date gain to 98%.
1:04.8	Ethereum also surpassed the $2,000 mark yesterday while Bitcoin is now hovering around $37,000.
1:12.3	Shared Storage, up 74% week to date, stands out as the top-performing asset in the CoinDest
1:18.6	Market Index this week and is up more than two times this year. Among the large-cap digital assets
1:24.6	in CoinDest Market Select Index, Link and Maddock, both up 23% week-to-date, lead.
1:31.8	Meanwhile, Ape down 5.4% week-to-date, and XLM, down 1.9% week to date, have failed to participate
1:40.4	in the continuation of the broad market rally. Stay tuned. After the break,
1:46.0	we'll bring you expert analysis on this week's takeaways provided by Connor Farley, CEO of
1:50.5	Truvius. CME Group cryptocurrency futures and options provide market-leading liquidity for Bitcoin and Ether trading.
2:04.8	Participate in the Crypto-classic trading challenge from December 10th through December 15th for the chance to win cash prizes.
2:11.1	Compete against your peers while test-driving your crypto strategies in a risk-free simulated environment.
	...

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