October 2024 recap - mixed view

in #inleo15 days ago

Again a month has passed. Let me show you how my portfolio did.

Market update

October was a stable month for the crypto markets overall, but with a mixed view for the different coins. The total market cap of cryptocurrencies went from 2.26 tn to 2.27 tn. Bitcoin dominance went up a lot from 55.9% to 60.3%.

Looking at the prices of the individual currencies, Bitcoin went up from $63,950 to $69,400 this month. The price of Ethereum went down from $2,650 to $2,500.

Current Portfolio

Again I didn't invest more money in Bitcoin and Ethereum. Because of that, my overall portfolio value is now about €1,300 higher than one month ago. My portfolio shifted towards BTC. My personal BTC "dominance" is up from 56.9% to 59.6%.

In total I have invested €2,600 in Ethereum and Bitcoin, so I'm at a €22,100 overall profit.

I managed to steadily increase my Hive Power holdings from 11,661 to 11,889 HP. The highest amount ever!

Will we see (the start of) a Christmas rally? Or will we see downward or even bearish movement towards the end of the year? We'll find out in the coming recaps.

Posted Using InLeo Alpha