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.

Chart 1 - Solidum Crypto Quant Top Performers (2020-09)

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.

Chart 2 - Solidum Crypto Quant Performance (2020-09)

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.

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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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