Trakx Digital Assets Newsletter
Weekly News for Institutional Investors
Key Crypto Market Figures
Crypto Tradable Indices (CTIs) Weekly Performance
Crypto markets dropped last week, Trakx Top 10 Crypto index lost 7% due to Avalanche (AVAX -18%) and Polkadot (DOT-17%) - See article about Avalanche fundamentals
The worst performers are within Trakx NFT Metaverse (-26%) as all constituents were down Axie Infinity (AXS -31%), Sandbox (SAND -28%).
Sources: Coingecko and AlphaVantage
Market Trends
- Market Wrap: Cryptos and Stocks Dip Ahead of Seasonally Strong May: Coindesk
- Crypto regulation may help drive growth in poorer areas: BBC
- Bitcoin and crypto now braced for a $9 trillion Fed earthquake as the price of ethereum, BNB, solana, cardano, XRP, terra’s luna and avalanche crater: Forbes
- Central African Republic becomes second country to adopt bitcoin as legal tender: CNBC
- Cryptoverse: Ether prepares for epic 'merge' in quest to eclipse bitcoin: Reuters
Bitcoin network difficulty breaks into a new all-time high of 29.794T: Cointelegraph
Trakx News
- Finyear published its latest interview with Ryan Shea, Crypto economist at Trakx about Crypto regulation
- All CTI factsheets updated as of 30/04/2022
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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