Happy Friday, everyone. This is Markets Daily from CoinDesk. I'm your host, Jen Sanassi, and on today's show,

we're passing it over to Coin Desk Indices for some weekly market insights.

Wondercraft AI voice here to give you three crypto markets takeaways from this week.

And stick around.

We'll have additional analysis from Connor Farley, CEO and co-founder at Truvius.

First, Tracy Stevens, senior index manager at CoinDesk Indices, provides markets highlights for the weekending April 5th with data from April 2nd. Only three assets in the CoinDesk 20 closed higher compared to one week ago, including Bitcoin Cash up 29%, Dogecoin up 9%, and Lightcoin up 0.5%. Bitcoin Cash has gained more than 4x year-on-year, but still maintains a market cap that is less than 1% of that of Bitcoin.

Six assets in the CoinDesk 20 weakened more than 10% this past week, led by Layer 1's near down 17%,

aptos down 16%, and Avalanche down 14%.

The CoinDest 20 index fell 4.3% over the week, with 17 assets declining. Bitcoin and Ethereum

contributed to this downturn, dropping 3.8% and 5.5% respectively. For our analysis section this

week, Connor Farley writes, following a heated market run-up in Q1 that saw the CoinDesk 20 index

reach a year-to-date gain of

approximately 40%. Digital assets have cooled off in early Q2, declining particularly over the last week.

While crypto markets still remain largely positive on the year, with all sectors posting

double-digit positive returns and mega-cap assets, Bitcoin and Ethereum, both up approximately 50% and

40% respectively, multiple intersecting market forces may be driving recent market volatility

and negative price action. From a macro perspective, regulatory uncertainty toward crypto has

recaptured investors' attention, particularly as it relates to Ether, the second largest

crypto asset next to Bitcoin. In late March, reports circulated that the Ethereum Foundation

was facing questions from an unnamed state authority. Markets interpreted that authority as the

SEC. At the heart of the inquiry is the reopening of a long-standing line of questioning

by the SEC to determine whether ether is a security instead of a commodity like Bitcoin. The

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