Markets Daily Crypto Roundup

CoinDesk Markets Week in Review

Mar 8, 2024

Explore the performance of cryptocurrencies like Shiba Inu, Bitcoin Cash, and Ethereum Classic. Learn about global crypto regulation, tokenization, and the impact of AI. Discover altcoin investment opportunities in the Computing Index and DeFi.

04:27

Episode guests

Tracy Stephens

Greg Magadini

AI Summary

AI Chapters

Episode notes

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Quick takeaways

Altcoins in the Computing Index offer promising investment opportunities with substantial returns, highlighting potential growth in the AI-related crypto sector.

The performance of the CoinDesk Market Index suggests that the current bull market might just be the beginning, driven by high altcoin returns.

Deep dives

Market Highlights and Altcoin Performance

Meme Coin Shiba Inu has shown significant gains, doubling in value over the week and almost two and a half times month-to-date. Bitcoin Cash and Ethereum Classic have also performed well, with gains of 38% and 28% respectively. Pepe has seen a remarkable increase of over 6 times in the past month. Greg Magadini notes the strong performance of the CoinDesk Market Index, emphasizing that the current bull market may just be the beginning due to high altcoin returns.

Crypto Market Insights and Investment Opportunities

4min

CoinDesk Indices presents notable data insights from the week, followed by additional analysis from an industry expert.

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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 Tracy Stephens, senior index manager at CoinDesk Indices with additional analysis from Greg Magadini, director of derivatives at Amberdata. For more on CoinDesk Indices, visit: coindeskmarkets.com.

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This episode was hosted by Jennifer Sanasie and uses Wondercraft AI Voice. “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.

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