Trakx Weekly Update: October 31, 2022

Weekly Update
• Oct 31, 2022
Trakx Weekly Update: October 31, 2022

Key Crypto Market Figures

Trakx Weekly Update: October 31, 2022

Crypto Tradable Indices (CTIs) Weekly Performance

Last week witnessed a large price rally and short liquidations. Correlation breakdown was evident between US tech stocks and crypto. While the former was hammered by poor earnings, crypto posted moderate gains helped by renewed speculation that Fed rate hikes will be more tempered beyond this week's expected 75bp rate hike.

Ether led the token surge (+16%), with the exception of the popular meme coin Dogecoin that jumped 95% in one week, following Twitter acquisition by Elon Musk (read here: Decrypt).

Trakx Weekly Update: October 31, 2022
  • UK Lawmakers Vote to Recognize Crypto as Regulated Financial Instruments: CoinDesk
  • Incoming UK Prime Minister is Pro-crypto: Blockworks
  • Blockchain Applications and the Rising Digital Asset Class: Blockworks
  • Near Project to Wind Down Its Terra-Like StablecoinDecrypt
  • Dogecoin Leaps 94% in Weekly Gains Following Elon Musk’s Twitter Acquisition: Decrypt
  • The Sunak Protocol: The New Prime Minister’s Vision For Crypto And Digital Finance In The UKForbes

Trakx News

Trakx CTIs Performance

Trakx Weekly Update: October 31, 2022

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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