Aug 15, 2023

The crypto market is little-changed this week, with the CoinDesk Market Index up 1.1%.

Video transcript

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day. The crypto market is little moved this week with the coin desk market index up 1.1% while the markets remain stagnant. There are some sectors that are seeing gains. So what's taking the lead computing is up 3.2% and D five up 3.1%. While digitization and currency like behind within the D five sector, several assets associated with automated market makers are among the top performers this week including thor chain hash flow and sushi swap. Automated market makers incentivize users to become liquidity providers in exchange for a share of transaction fees and tokens. Despite the recent curve finance exploit, there has been in D five markets. According to technical analyst, Josh Swiz, a bullish inverse head and shoulders price pattern is building in the combined market cap of alt coins suggesting that all season might be on the horizon. That's it for today's chart of the day. I'm Jenna and we'll see you next time to unpack more of the data behind top news stories.

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