Monthly Update July 2021 – Belvoir Crypto Alpha Strategy

08/05/2021 –

  • Certificate up 6.16% in July
  • Bitcoin recovers over 30% from July lows
  • Amazon apparently also wants to get involved in crypto

Our #Crypto Alpha Certificate ended the month of July with a significant gain of 6.16% in a much calmer overall market.

As reported in our June update, #Bitcoin and the overall market went through a consolidation phase and has now recovered significantly from the lows. Bitcoin traded just below $30,000 at the low on June 22 and again on July 20, gaining over 30% to around $42,000 as of the end of July. The overall market followed suit.

Tech giant #Amazon is apparently planning to enter the crypto space. This is evident from various job postings.

Read more about the Crypto Alpha Strategy certificate in the July 2021 Monthly Update, written by our Head of Investment Solutions, Adrian Marcu.

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