November was an exceptionally positive month in many aspects, including the crypto market performance. After a slow start in the first two weeks, the market shot straight up in the third week, generating a 51.1% return until 24 November. This was followed by a sharp two-day pullback (-20%) and a strong rebound (+19.2%) in the last four days of the month. The market ended the month with an exceptional performance of 44.2%.
After two months of Bitcoin outperformance, altcoins took the lead in November. In fact, 23 of the top 25 crypto assets by market capitalization posted gains in November, and the surprising top three performers of the month were the large caps XRP (+177%), Stellar (+160%) and NEM (+96%). Bitcoin dominance decreased slightly and ended the month at 62.4%.
The Solidum Cautus portfolio underperformed the market in November. Nevertheless, the portfolio recorded a positive monthly performance of 16.70%. By the end of the month, Solidum Cautus was fully invested in the crypto, and the three highest weighted holdings in the portfolio were Bitcoin, Ethereum, and Algoland.