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CoinDesk Podcast Network

MARKETS DAILY: CRYPTO MARKETS WEEK IN REVIEW

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 15 November 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

CoinDesk Indices presents notable data insights from the week, followed by additional analysis from AMINA Bank’s Anirudh Shreevatsa. 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 Anirudh Shreevatsa from AMINA bank For more on CoinDesk Indices, visit: coindeskmarkets.com. 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 Sanasi, and you're listening to Markets Daily from Coin Desk.

0:10.0

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

0:15.6

This is Coin Desk Indices, and here's our Coin Desk Markets week in review from the week ending November 15th,

0:22.6

2024, with data from the 4 p.m. New York closing on Wednesday, November 13th. And stick around.

0:29.2

We'll have additional analysis from Amina Bank's Anirud Shrivada. This has been a historic week for

0:35.2

digital assets following the U.S. elections.

0:38.0

19 members of the CoinDesk 20 moved higher, with 17 increasing in value by more than 10%.

0:44.3

The broad-based index gained nearly 20% in the seven-day period.

0:48.9

This rally illustrates investor expectations of a crypto-friendly administration.

0:53.3

Standouts in the crypto-asset class this

0:55.2

week include Cardano, which is up more than 60%, as well as Solana and Bitcoin, which are both up

1:01.6

more than 40% on the week. Uniswap is a relative laggard and the only member of the CoinDesk 20 to have

1:07.9

negative returns over the week, losing nearly 10% of its value.

1:11.9

This reversion comes after the Uniswap token was by far the single greatest gainer in the

1:17.2

CoinDestk 20 on Election Night itself, gaining more than 30% between 4pm on November 5th and

1:22.9

November 6th.

1:23.8

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

1:27.2

Now, here's market analysis from

1:28.9

Anirud Shrivata, digital assets research analyst at Amina Bank. The crypto market is on a tear.

1:35.7

Leading the way on the CoinDesk 20 index this week is Cardano, which is up 52.1% and currently

1:42.6

outperforming all other assets in the index. Following the U.S.

1:46.5

presidential election results last week, the crypto market has been on an unstoppable rally,

...

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