Invictus Capital: Weekly Wrap 18.02
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Another volatile week for markets saw investors’ appetite for high-risk assets, including cryptocurrencies, begin to wane under macro pressures. Geopolitical tensions between Russia and Ukraine, combined with increasing inflationary pressures, resulted in investors fleeing to safe haven markets.
January’s Producer Price Index (PPI) rose to 9.8% and the U.S. central bank’s ongoing concerns on how best to manage the inflation curve drove investors back to gold, which rose to a 7 month high of $1,900 this past week. The price of gold, seen as a safe haven in times of crisis, has seen consistent price increases since Q4 2021. Given the expectation of rate hikes throughout the year, however, we may see gold come under pressure as a non-yielding asset.
The markets could see some relief on the horizon with reports that a deal to revive the 2015 Iran nuclear deal is taking shape. A draft accord has been released, outlining a sequence of steps that would eventually lead to granting waivers on oil sanctions, and bring about 1 million barrels a day of oil supply back to the market. A reduction in oil prices could be a huge relief to consumers and temper inflationary pressures by reducing production input costs across global markets.
Bitcoin had a strong start to the week, rallying up 5% from $42,000 to around $44,500. However, the geopolitical tensions between Russia and Ukraine could not be ignored, and by Thursday Bitcoin crashed back down to $40,000 as investors fled from risky assets. Crypto’s mid-week plunge coincided with a similar move down among U.S. equities, particularly more-volatile tech stocks. The tech-laden Nasdaq fell nearly 3% on Thursday, while the Dow Jones Industrial Average and S&P 500 fell 2.2% and 1.7%, respectively.
The week also saw major developments in the regulatory space as multiple nations provided more clarity in terms of cryptocurrency regulation. The Biden administration is also expected to issue an executive order related to digital assets. Various government agencies will be directed to study different aspects of the digital asset space with the goal of creating a comprehensive regulatory framework.
Indicators (11 February — 18 February)
- Invictus Margin Lending (IML): $1.32, +5.83% (weekly compound annualized rate)
- Crypto10 Hedged (C10): $6.99, -5.40%
- Crypto20 (C20): $3.29, -7.67%
- Invictus Bitcoin Alpha (IBA): $2.18, -5.51%
- Invictus Hyperion Fund (IHF): $0.503 (Updated Q4–21)
- Invictus Capital Token (ICAP): $8.33, -2.40%
- BTC: $40,517.40, -6.98%
- ETH: $2,893.35, -5.88%
- GOLD: $1,898.50, +3.90%
- S&P500: 4,380.26, -2.75%
Invictus NFT Lab Podcast
We’re excited to release the first episode of a series of podcasts with artists from the Invictus NFT Lab Out of Africa collection.
Blessing Ngobeni, one of the leading fine artists in Southern Africa, joined our celebrity host Shado Twala to talk about his involvement in the project.
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. Invictus Blog: Don’t Want USD Exposure? Utilize the Invictus Yield Vault for your EURt!
2. This week $14,953 was spent and 1,804 ICAP burnt.
3. The new & updated @ic_NFT_Lab website is live! You can now learn more about the artists and browse the collection of art available in the Out of Africa collection. Check it out here.
- First Mover Asia: Investors Flee Crypto, Higher Risk Assets on Mounting Ukraine Tensions
- Trading Economics — Crude Oil
- Biden Expected To Issue Executive Order On Crypto and CBDCs Next Week: Report
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