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CoinDesk Podcast Network

MARKETS DAILY: CoinDesk Markets Week In Review

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 4 October 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

CoinDesk Indices presents notable data insights from the week, followed by additional analysis from Hugo Takimoto, Head of Product and Liquidity at Rho Labs. 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 investable CoinDesk Crypto Sectors and the CoinDesk 20 Index, designed to measure the performance of top digital assets. Today’s takeaways are provided by Tracy Stephens, senior index manager at CoinDesk Indices with additional analysis from Hugo Takimoto, Head of Product and Liquidity at Rho Labs. For more on CoinDesk Indices, visit: coindeskmarkets.com. 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

Happy Friday, everyone. I'm Jen Sanassi, and you're listening to Markets Daily from

0:09.1

Coin Desk. On today's show, we are passing it over to Coin Desk Indecese for some weekly

0:14.2

market insights. This is Coin Desk Indices, and here is our Coin Desk Markets Week in review.

0:20.0

Let's look at some key digital asset takeaways from the week ending October 4th,

0:24.6

with data from the 4 PM New York close on Wednesday the 1st.

0:27.6

And stick around, we'll have additional analysis from Hugo Takamoto,

0:31.6

product and liquidity at Rowe Labs, between September 1st and October 1st,

0:36.6

all but five members of the CoinDesk 20 appreciated.

0:40.3

One of those five laggards was Ether, which was slightly down despite Bitcoin gaining 5.8%.

0:46.3

This suggests that Ether wasn't nearly as inclined to gain from the lower interest rate environment than Bitcoin.

0:52.3

This divergence between Bitcoin and Ether is also present

0:55.2

in CoinDesk's trend indicators. The Bitcoin Trend Indicator moved into uptrend territory this week,

1:01.3

while the Ether Trend indicator has pointed to a downtrend for two days. The leaders of the

1:06.3

CoinDesk 20 index for the month included De exchange uniswap along with the

1:11.8

layer one smart contract platform near both returning more than 20% over the 30-day

1:17.2

period this was brought to you by Tracy Stevens from coin desk indices now

1:21.7

here's market analysis from Hugo Takamoto product and liquidity at row labs

1:26.8

September was a stellar month for crypto,

1:29.5

with the Coin Desk 20 index rising by nearly 9%,

1:32.8

driven by optimism following key global monetary decisions.

1:36.6

The Federal Reserve's bold 50 basis point rate cut,

1:40.0

and China's economic stimulus efforts

...

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