Trakx Weekly Update: Modest Growth Perspective

Key Crypto Market Figures

CTI Weekly Performance 

This week marked a period of reasonable growth for most Crypto Tradable Indices (CTIs), while a few sectors delivered double-digit gains.

• Leading the rally: Trakx CEX CTI
  The Trakx CEX CTI soared 28.1%, making it the top performer of the week. Centralized exchange tokens benefited from surging activity and rising trading volumes, driving investor inflows.
• Ecosystem strength: Trakx Cardano Ecosystem CTI
  The Cardano ecosystem CTI also posted notable gains (20.4%) , underscoring investor confidence in ADA and its growing ecosystem of projects.
• Broad market momentum: Top 10 Crypto CTI
  The Top 10 Crypto CTI rose by 3.6%, reflecting steady growth across leading cryptocurrencies. 
• The weakest performer this week was the Meme CTI, which declined by 7.3%. While speculative tokens lost ground, this did little to overshadow the broader positive trend across the market.

ETFs Holdings & Regulatory Developments

This week, BlackRock’s crypto holdings surpassed $100 billion, with Bitcoin remaining the dominant asset in its portfolio. Amsterdam-based Amdax announced plans to launch a Bitcoin treasury company on Euronext, targeting the acquisition of at least 1% of the total BTC supply. In regulatory developments, the U.S. introduced new legislation to broaden access to crypto, while India began reviewing its crypto tax rules to ease the burden on traders. On the corporate front, MicroStrategy signaled intentions to expand its Bitcoin holdings, reinforcing the institutional accumulation trend.

Market Conditions Turned a Little Bearish

Market conditions, however, turned a little bit bearish as Bitcoin tested the $115,000 level and Ethereum slipped below $4,400, bringing total market capitalization under $4 trillion. This correction triggered over $1 billion in liquidations, though the DeFi sector remained resilient, led by Chainlink’s 14% surge following new partnership announcements. Looking ahead, analysts are divided: some warn of continued volatility, while others project that Bitcoin could climb to $150,000 by the end of 2025.

Sources: Trakx, Coingecko, Alphavantage

Market Trends

• Market cap dropped below $4T as Bitcoin and Ethereum retreated sharply. Ainvest
• Over $1B in liquidations occurred during the latest market sell-off. Ainvest
• Bitcoin tested $115K support, dragging altcoins like XRP and ETH lower. Cryptonews
• Chainlink surged 14%, showing DeFi resilience amid the broader decline. Mexc
• Low volatility before Jackson Hole raised concerns of a potential sharp correction. Economictimes
• Analysts project Bitcoin could reach $150K by year-end despite short-term weakness. Bravenewcoin

Trakx CTI 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 with a high degree of compliance, custody and liquidity.

TRAKX SAS,  10 rue de Penthièvre, Paris, 75008, FRANCE – French société par actions simplifiée Paris Trade and Companies Register number 850 626 078

Crypto Asset Service Provider (CASP) Registered with the Autorité des Marchés Financiers (AMF) under number E2021-020

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.