Trakx Weekly Update: July 15

Key Crypto Market Figures

CTIs Weekly Performance

Crypto markets experienced a strong recovery over the past week, highlighted by the Trakx Top 10 Crypto CTI increasing by 11.9%. This rebound was driven by renewed investor confidence and a reduction in selling pressure following recent market turmoil.

Within the Trakx family of CTIs, the Trakx Lending CTI was the standout performer, surging by 26.2%. This was closely followed by the Trakx Diversifier CTI, which saw a significant gain of 23%. On the other hand, the BTC Momentum CTI showed the least movement, remaining neutral and not contributing to the overall market rebound.

The market’s positive trend reflects a broader sentiment shift, with investors appearing to regain confidence following last week’s volatility.

Sources: Trakx, Coingecko, Alphavantage

Market Trends

• Notcoin, 1inch, and Sign launch accelerator for Telegram and TON ecosystems: The Block
• Several Tailwinds could push Bitcoin to $100k this year as US Inflation cools: Decrypt
• Morgan Creek Digital to raise up to $500M for new Web3 venture capital fund: CoinDesk
• U.S. spot Bitcoin ETFs recorded $147M in net inflows, led by Fidelity’s FBTC with $58M: The Block
• Germany holds less than $300M in Bitcoin as selloff accelerates: Decrypt
• House fails to overturn Biden veto on pro-crypto banking bill: Decrypt
• Ethereum ETF issuers eagerly waiting on the SEC to provide details on potentially final filings: The Block
• Crypto market rebound expected in August, liquidations to finish by July-end: JPMorgan: CoinDesk
• US SEC eases crypto reporting for banks and brokerages: CoinGape
• Coinbase launching a ‘one-stop’ crypto app designed to simplify user experience: The Block

Trakx News

• Trakx is hosting an online webinar on Tuesday July 16th  with Lobster Protocol to present the Lobster DeFi ETH CTI.

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.

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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.