MARKETS DAILY: CoinDesk Markets Index Week in Review

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4.7 • 698 Ratings

🗓️ 19 January 2024

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

CoinDesk Indices presents notable data insights from the week, followed by additional analysis from an industry expert. 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. Subsets of the CoinDesk Market Index (CMI) are investible CoinDesk Crypto Sectors and the CoinDesk 20 Index, designed to measure the performance of the top digital assets. Today’s takeaways are provided by Pallavi Chintam and Max Good of CoinDesk Indices with additional analysis from Gorast Tasevski, product analyst of Purpose Investments. For more on CoinDesk Indices, visit: coindeskmarkets.com. This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montañez. 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	Happy Friday, everyone.
0:06.7	This is Markets Daily from CoinDesk.
0:09.0	I'm your host, Jen Sanassi.
0:10.5	And on today's show, we're passing it over to Coin Desk Indices for some weekly market insights.
0:19.6	Wondercraft AI voice here to give you three crypto markets takeaways from last week.
0:24.0	And stick around. At the end, we'll have additional analysis from Gowrast, Tasevski, product
0:29.4	analyst at purpose investments. First, Pahlavi Chintam and Max Good of Coin Desk indices provide
0:35.3	markets highlights as a Friday, January 19th.
0:39.1	Solana continues to dominate the narrative outside of the Bitcoin ETF news as it leads the
0:44.3	recently launched CoinDest 20 index month-on-month. Solana is up 26% over that time period.
0:50.9	Meanwhile, AVAX has been the month-on-month coin desk 20 loser down 18%.
0:55.7	The past week has been heavily negative with 19 of the 20 CoinDesk 20 names in the red week-on-week,
1:02.4	except for chain link up 2.6%.
1:05.1	Meanwhile, 168 of 188 Coin-Dask market index names are in red week-on-week.
1:12.1	Ethereum-associated names are filling the bottom spots in CMI week-on-week,
1:15.8	including Ethereum Proof of Work, Ethereum Classic, and Ethereum Name Service,
1:20.1	all down around 23%, as well as optimism down 21% and Arbitrum down 20% week-on-week.
1:27.9	Go Rastasvsky, product analyst at purpose investments, writes,
1:31.3	The recent launch of spot Bitcoin ETFs in the U.S.
1:34.9	has proven to be an important milestone in the growth of the crypto ecosystem globally.
1:39.4	Investors have embraced this more convenient investment avenue,
1:41.8	with the new spot Bitcoin ETFs attracting inflows
	...

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