The BlockWealth portfolios achieved a negative return of around the -10% in December. The return over 2022 for the portfolios are negative and between the -60% and -70%. Read more
BlockBay Capital portfolio update November 2022
The BlockWealth portfolios achieved a negative return of between the -17% and -22% in November.
The collapse of the major crypto exchange FTX caused panic in the crypto markets. Bitcoin fell from $21,000 to below $16,000, other cryptocurrencies were hit even harder. Read more
BlockBay Capital portfolio update October 2022
The BlockWealth portfolios achieved a positive return of between the +8% and +10% in October.
Crypto markets showed partial recovery in October. Ethereum in particular had a good month with a price increase of +17%. Bitcoin’s price remained in the $19,000 and $21,000 range throughout October.
BlockBay Capital portfolio update September 2022
The BlockWealth portfolios achieved a positive return of between the -2% and -5% in September.
Bitcoin outperformed Ethereum (-12%) with a return of -0.5%, in the month where the Ethereum protocol upgrade was successfully completed. The main benefit of the new Ethereum protocol is that Ethereum is now a lot more energy-friendly than before and there is less new Ether coming into circulation.
BlockBay Capital portfolio update August 2022
The BlockWealth portfolios achieved a positive return of between the -8% and -10% in August.
August was another challenging month for crypto investors. After a good start to August, prices fell as a result of rising inflation and interest rates. Over the whole month of August, Bitcoin fell -13%, Ethereum did slightly better with a decline of -6%.
BlockBay Capital portfolio update July 2022
The BlockWealth portfolios achieved a positive return of between the +20% and +38% in July.
After a bad period, there has been some recovery in the crypto market with the total market capitalization now above the $1,000 billion mark.
BlockBay Capital portfolio update June 2022
The BlockWealth portfolios achieved a negative return of between the -29% and -37% in June.
The market went into a further downward spiral over the past month that really kicked off in May due to the implosion of the Luna ecosystem.
BlockBay Capital portfolio update May 2022
The BlockWealth portfolios achieved a negative return of between the -25% and -28% in May.
Since November 2021, the crypto market performed badly. Last month was extreme with the implosion of Luna’s ecosystem.
BlockBay Capital portfolio update April 2022
The BlockWealth portfolios achieved a negative return of between the -13% and -15% in April.