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CoinDesk Podcast Network

MARKETS DAILY: CRYPTO MARKETS WEEK IN REVIEW

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 8 November 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

CoinDesk Indices presents notable data insights from the week, followed by additional analysis from Leo Mindyuk, Co-Founder & CEO, ML Tech 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 Leo Mindyuk, Co-Founder & CEO, ML Tech 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. All voices generated by AI 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. I'm Jen Sassy, and you're listening to Markets Daily from Coin Desk. On today's

0:05.5

show, we are passing it over to Coin Desk Indecese for some weekly market insights. This is CoinDest

0:11.4

Indices, and here's our Coin Desk Markets Week in review. Let's look at some key digital asset

0:17.0

takeaways from the week ending November 22nd. And stick around. We'll have additional analysis

0:22.4

from Callie Crossman, DataOps lead at security token market. As of Thursday afternoon, Bitcoin

0:28.2

continues to move higher, nearly reaching the $100,000 level after the announcement that

0:33.9

SEC Chair Gary Gensler would step down in January.

0:38.3

Among Altcoins, recent performance has varied, with some CoinDesk 20 members seeing significant gains,

0:45.3

while others remained flat or slightly lost ground.

0:48.3

Hedera, an alternative layer one smart contract platform, more than doubled this week as one of its board members, Brian Brooks,

0:55.5

is reportedly a frontrunner for Gensler's replacement. Payments protocol stellar also moved

1:00.0

significantly higher, increasing in value by 98% over the week. This week, Ethereum lagged. Going

1:06.1

into Thursday, Ethereum had lost 3.3% over the week, although it gained that back and more as of Thursday afternoon.

1:14.4

This was brought to you by Tracy Stevens from CoinDesk Indices.

1:19.0

Now, here is market analysis from Callie Crossman, data ops lead at security token market.

1:24.7

This week, the CoinDesk 20 Index continues its impressive performance,

1:29.3

showing a robust 11.3% growth week over week, a remarkable 40.1% increase month over month,

1:36.3

and 109% growth year to date as of November 20th. Among the leaders, Solana stands out with significant growth, recording a 10.6% week-over-week

1:46.8

gain and a 46.3% rise month-over-month. Solana's initiatives in the real-world asset space

1:52.5

are contributing to this momentum, particularly as its infrastructure for tokenized assets

1:57.4

continues to expand. Notably, BlackRock's liquidity fund just recently expanded to

2:02.3

Solana, reflecting the increasing demand for interoperability on chain.

...

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