After a strong rally from the start of July to mid-August, the market began showing exhaustion signs in the second part of August. September started on a negative note as the crypto market lost 17.5% of its value in the first week. A sideways movement followed in the remaining days, and the market ended the month with a negative return of 14.9%.

After a strong altcoins run in recent weeks, Bitcoin performed relatively better in September. It recorded a negative return of -8%. Bitcoin represented 58.0% of the total cryptocurrency market capitalization at the end of the month, slightly up from last month’s 57.3%.

The Solidum Actio portfolio underperformed compared to the market in the previous month, with a negative monthly return of -36.67%. By the end of September, the five highest-weighted holdings in the portfolio were Binance Coin, Bitcoin, Ethereum, Cardano and Cosmos.

Chart 1 - Solidum Actio Performance (2020-09)
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DISCLAIMER: This article is for informational and discussion purposes only and does not constitute a marketing message, an investment survey, an investment recommendation, or investment advice. The article was prepared exclusively for a better understanding of market dynamics.

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