Markets Daily Crypto Roundup

CoinDesk Market Index Week in Review

Dec 9, 2023

Tracy Stephens, senior index manager of CoinDesk Indices, discusses the performance of Cardano and the crypto market. Helium sees growth while the DeFi sector lags behind. Q4 shows impressive growth in the cryptocurrency market with Bitcoin's dominance and increasing demand for stablecoins.

06:15

Episode guests

Tracy Stephens

Eric Ervin

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Episode notes

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Quick takeaways

Cardano was one of the top-performing assets, gaining 31% this week in the CoinDesk market index.

Bitcoin's rise in price and the unwillingness of wallets known for long-term holding to sell suggests that we are still in the early stage of the crypto market cycle.

Deep dives

Crypto Market Highlights

Cardano has gained 31% this week, making it one of the top-performing assets in the CoinDesk market index. The overall crypto asset class had a positive week, with the CoinDesk market index up more than 10%. However, there were notable laggards within the DeFi sector, including Aave and Maker. The decentralized network Helium experienced a significant uptrend, gaining 61% this week with the launch of its nationwide 5G network.

Insights on Crypto Market Performance and Analysis

2min

Impressive Q4 Growth and Bitcoin's Dominance in the Market Recovery

4min

CoinDesk Indices presents six notable market movement highlights from last week.

Today's episode is sponsored by CME Group and Harpie.

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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. Today’s takeaways are provided by Tracy Stephens, senior index manager of CoinDesk Indices with additional analysis from Eric Ervin, CEO of Onramp Invest. For more on the CMI you can visit: coindeskmarkets.com.

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Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

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This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

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