By looking at the market, measured by the MVIS CryptoCompare Digital Assets 25 Index (MVDA25), one could conclude that October was an uneventful month. The market mostly moved sideways, recording a slightly positive monthly performance of 4.3%. However, after taking a look at the performance of the top 25 crypto assets by market capitalization, one can see that it varied greatly. Ten assets ended the month in green, with the top three being Filecoin (+40%), Bitcoin (+28%), and Litecoin (+20%).
Bitcoin had a great month, and the capital continues to flow from altcoins into Bitcoin. By the end of the month, Bitcoin dominance stood at 63.7%, substantially higher than a month ago (58.0%).
The Solidum Bitcoin Momentum Strategy outperformed Bitcoin in the previous month. The strategy recorded a gain of 28.09%, whereas Bitcoin ended the month with a gain of 27.79%.