In the past, March has predominantly been a bearish month for the crypto market. However, this year, with positive news surging each week, the crypto market ended the month with a positive performance of +31.44%.

The market’s capitalization gradually grew throughout the previous month, starting at $1.39 Trillion and ending the month at $1.88 Trillion. Nearly all top-25 crypto assets by market cap recorded a positive monthly performance in March, with the exception of Cardano (-9%). The top three performers were Filecoin (+432%), BitTorrent (+352%) and Theta (+295%). Bitcoin and Ethereum both posted mid-range returns of +31% and +35%, respectively.

The Solidum Crypto Quant Strategy underperformed the market in the previous month. Nevertheless, the portfolio ended the month with a positive monthly performance of +7.77%. By the end of March, Solidum Crypto Quant was fully invested in the crypto market, with the largest three weighted holdings in the portfolio being Bitcoin, Ethereum and Binance Coin.

Chart 1 - Solidum Crypto Quant Performance (2021-03)

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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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