Insights

BlockBay Capital portfolio update November 2022

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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

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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.

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BlockBay Capital portfolio update September 2022

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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.

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BlockBay Capital portfolio update August 2022

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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%.

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BlockBay Capital portfolio update July 2022

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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.

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