Trakx Digital Assets Newsletter

Newsletters May 09, 2022

Weekly News for Institutional Investors

Key Crypto Market Figures

Crypto Tradable Indices (CTIs) Weekly Performance

Digital assets crashed last Thursday after the Fed announced the biggest interest rates hike in two decades, Trakx Top 10 Crypto index lost 9% and Crypto sentiment plunged close to its lowest levels (11).

The worst performer is Trakx Diversifier Index (-18%) largely due to Kyber Network’s negative rating (see InvestorsObservors). Kyber Network Crystal v2 (KNC) lost 32% during the week.

Sources: Coingecko and AlphaVantage

  • ‘Extreme Fear’ crypto crash suddenly wipes $200 Billion from the price of Bitcoin, Ethereum, BNB, XRP, Luna, Solana, Cardano and Avalanche: Forbes
  • Bitcoin value drops by 50% since November peak: BBC
  • Gucci stores to accept cryptocurrencies in US: BBC
  • Inflation will create a political vacuum. Can bitcoin fill it?: Coindesk
  • Bitcoin drops below $36,000 amid broader market sell-off: CNBC
  • Bitcoin whales jumping ship as exchange inflows reach 3-month high: Cointelegraph
  • MiCA ambitions for trilogues: last chance for European digital sovereignty: Adan
  • New York is close to a bitcoin mining crackdown — here’s what that means for the industry: CNBC

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