Invictus Capital: Weekly Wrap 11.02
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The week witnessed heightened levels of volatility across crypto markets. An exceptional weekend rally saw Bitcoin break upwards to $42,000, with the rest of the market also buoyant. This momentum carried markets upwards throughout the week, making for a volatile trading environment.
The release of above-expectation US inflation figures — at 7.5% year-on-year — contributed to this volatility. Markets are now coming close to pricing in a 50 basis point rate hike from the Fed in March, up from expectations of none only a few weeks back. This drove Bitcoin to tumble from $45,000 to $43,000, before a short-squeeze propelled it back to $46,000, all in the space of 2 hours. The inflation narrative could not however be ignored and markets subsequently retraced downwards, with Bitcoin aiming to close out the week marginally above $43,000. Bonds sold off heavily, though global equities trended upwards along with both the dollar and gold.
Elsewhere in crypto, the US government this week seized $3.6 billion in Bitcoin tied to the 2016 hack of crypto exchange Bitfinex. In a statement, Bitfinex said that it “will work with the DOJ and follow appropriate legal processes to establish our rights to a return of the stolen bitcoin.” This could result in additional selling pressure on Bitcoin as 80% of any funds recovered by Bitfinex will be used to repurchase and burn LEO tokens.
Indicators (04 February — 11 February)
- Invictus Margin Lending (IML): $1.32, +4.31% (weekly compound annualized rate)
- Crypto10 Hedged (C10): $7.39, +3.93%
- Crypto20 (C20): $3.56, +13.84%
- Invictus Bitcoin Alpha (IBA): $2.31, +15.44%
- Invictus Hyperion Fund (IHF): $0.504 (Updated Q4–21)
- Invictus Capital Token (ICAP): $8.54, -0.18%
- BTC: $43,557.58, +17.48%
- ETH: $3,073.98, +14.51%
- GOLD: $1,827.23, +1.21%
- S&P500: 4,504.08, +0.59%
The Invictus Roadmap
We are excited to announce the upcoming Invictus Capital roadmap and new features coming up in the next few months.
Find out about upcoming Regulatory updates, the Polygon token swap, new wallet features, the Invictus App, and the Yield Vault.
Invictus Yield Vault
Invictus Capital is thrilled to announce the public launch of the Invictus Yield Vault. The Yield Vault allows qualifying lenders the opportunity to lend a minimum amount of $25,000 BTC, ETH and/or Stablecoins for highly competitive interest rates to Invictus Alpha, Invictus Capital’s trading division.
The minimum for 12 and 18 month loans has been reduced to $10,000.
The Vault is now seamlessly integrated into the investor portal on the Invictus Capital website! Prospective crypto lenders now have a single web location to effortlessly view Yield Vault information, crypto lending interest rates, FAQ information, and contact our Yield Vault Team.
To view our rates and contact our Vault team, please visit our landing page.
Schedule a call with the Invictus Sales Team
Schedule a call with Tom or Ivor from our Fund Sales team if you have any questions or need assistance with your Invictus investment(s).
Alternatively you can call us on +1 (345) 769–7491 between 7:00–16:00 GMT.
Other News & Links
- Invictus in the Press / News
1. HODL your Crypto with Invictus
- SolStreet News
1. Subscribe to the SolStreet Journal
- US government seizes $3.6 billion in bitcoin tied to 2016 hack of crypto exchange Bitfinex
- Syntropy News
1. Syntropy Blog: The #Syntropy Blog is a community-driven knowledge hub facilitating contributions from individual Writers inside and outside our organization. https://blog.syntropynet.com/
- The inflation story isn’t getting any happier
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