Trakx Digital Assets Newsletter

Newsletters Sep 19, 2022

Weekly News for Institutional Investors

Key Crypto Market Figures

Crypto Tradable Indices (CTIs) Weekly Performance

Crypto markets lost ground over the week with total market capitalisation dipping below $1T and Trakx Top 10 Crypto index down 14%. All risk assets tumbled after the US CPI report last Tuesday exceeded consensus expectations, undermining the narrative that the Fed would soon be able to pivot. Instead, US interest rate futures are now even entertaining the possibility that the pace of Fed tightening accelerates at this week’s FOMC meeting.

In addition, the long-awaited Ethereum merge was finalised on September 15. Despite the transition from PoW to PoS going smoothly, which over the long-term should boost Ethereum’s attractiveness to investors because of its less energy-intensive consensus protocol, ETH suffered a post-Merge hangover. The sizeable price correction was due to a combination of a poor macro backdrop, as mentioned, and classic “buy-the-rumour/sell-the-fact” behaviour from crypto investors.

Trakx sources: Coingecko and AlphaVantage

  • Path Forward for Crypto Gets Tougher After US CPI Report Comes in Hot: Coindesk
  • Ethereum price down -20%: Why is Ethereum down after the Merge?: CryptoTicker
  • Crypto market bloodbath leads to $432M in liquidation: Cointelegraph
  • ‘One Domino Falls’—Crypto Braced For A $10 Trillion Earthquake As The Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Swing: Forbes
  • Turning point for the crypto community? Where bitcoin goes from here: CNBC
  • Ethereum significantly improves ESG rating to B score after Merge: GreenCryptoResearch

Trakx News

Trakx CTIs Performance

Sources: Coingecko and AlphaVantage

*Return of bitcoin is calculated since 01/05/2020, while CTIs performances were calculated since their respective launch date.
**Includes simulated performance.
***The risk signal is determined according to the historical volatility level, the higher the riskier.

Trakx is a global fintech company creating new standards for digital asset investments. Through our trading platform, we offer thematic Crypto Tradable Indices (CTIs) and customised solutions, providing sophisticated investors a high degree of compliance, custody and liquidity. Trakx is registered with the French regulator (AMF).

Disclaimers: No Investment Advice. Index returns and statistics are for illustration only. Index returns do not reflect any transaction costs or expenses. Past performance does not guarantee future results. The information provided in this newsletter does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the newsletter content as such. Trakx.io does not recommend that any cryptocurrency should be bought, sold, or held by you. Readers shall conduct their own due diligence and consult their financial advisors before making any investment decisions.

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Carole Laizet

Senior marketing manager with 15+ years of experience in the Financial Industry (traditional Banking as well as Crypto Assets). Responsible for market research @trakx.io