Solidum Crypto Quant Monthly Report for September 2020

After a strong rally from the start of July to mid-August, the market began showing exhaustion signs in the second part of August. September started on a negative note as the crypto market lost 17.5% of its value in the first week. A sideways movement followed in the remaining days, and the market ended the month with a negative return of 14.9%.

After a strong altcoins run in recent weeks, Bitcoin performed relatively better in September. It recorded a negative return of -8%. Bitcoin represented 58.0% of the total cryptocurrency market capitalization at the end of the month, slightly up from last month’s 57.3%.

The Solidum Crypto Quant Strategy portfolio included some of the best-performing crypto assets in September, namely Binance Coin (+26.48%), Bitcoin (-7.65%), and Bitcoin Cash (-16.92%). The performance of these assets greatly contributed to the overall monthly performance of the portfolio in September.

The Solidum Crypto Quant performed relatively better compared to the market in the previous month. As mentioned, the market ended the month with a monthly return of -14.9%, whereas Solidum Crypto Strategy recorded a loss of -6.91% in September.

By the end of the month, Solidum Cautus allocated 67.7% of the portfolio to active investments and 32.3% to stablecoins. The three highest-weighted holdings in the portfolio were Bitcoin, Binance Coin and Ethereum.