Funds Reports
Global Crypto Fund: January 2026 Report
Welcome to the 3CC Global Crypto Fund January 2026 Report, available for download below.
Hi all,
The Fund declined –7.64% in January amid a broad-based sell-off across digital assets. Volatility surged late in the month following President Trump’s nomination of Kevin Warsh as Fed Chair, triggering a broad risk-off move. Treasury yields rose, the U.S. dollar strengthened, and digital assets sold off aggressively.
January Highlights
- Bitcoin: –6.00 p.p.
- Ethereum: –1.19 p.p.
- Solana: –0.12 p.p.
Despite an increasingly constructive medium-term macro backdrop, near-term dynamics remain challenging. On-chain indicators point to continued forced selling and subdued demand, with Bitcoin’s hashrate declining ~16% - the sharpest contraction since the 2021 China mining ban. Historically, such episodes have often preceded attractive long-term entry points. We remain cautious in the short term while constructive on the cycle.
Best regards,
Nuno Serafim
Month Report GCF - January 2026
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Managing Partner
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Nuno is an experienced financial executive with broad experience in the Asset Management industry, being board member of IMGA, where he served as Chief investment Officer, overseeing €3.4B of AuM before he founded 3 Comma Capital, together with Robert and Patrick Hable in 2022.
More about Nuno Serafim
