February started on a positive note, generating a 108% return during the first three weeks of the month. On 20 February, the crypto market capitalization reached $1.76 trillion, out of which, for the first time, Bitcoin claimed over $1 trillion. Nevertheless, the market’s overly bullish stance was put to the test in the following three days, when the crypto market corrected by -21.6% and further declined by an additional -5.3% by the end of the month.

That said, the market ended the month with an exceptional return of +54.99%. Nearly all the top 25 crypto assets by market cap recorded a positive monthly performance in February, with the exception of Ripple (-16%). The top three performers were Binance Coin (+373%), Cardano (+280%), and Solana (+207%). Bitcoin posted a mid-range return of +36%, whereas Ethereum recorded a lower-end gain of 8%.

The Solidum Crypto Quant strategy slightly underperformed the market in February. However, the strategy recorded a +44.67% return during the previous month. In light of the recent correction, we ended the month with 82.5% allocated to stablecoins and 17.5% allocated among active investments.

Chart 1 - Solidum Crypto Quant Performance (2021-02)

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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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