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.