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Channel Posts
We have established a MiCA-compliant structure under German regulatory oversight β one of the highest standards of financial regulation in Europe.
All products and services continue without changes.
This is what our long-term commitment to our clients in Europe looks like in practice.
Nothing is expected from current clients at this stage.
Stay updated: Nexo's MiCA-ready β FAQ
| 2 |  The Nexo Championship is back
Year two is official.
The Nexo Championship returns to Aberdeenshire, August 20-23, 2026.
Here's what's new: the prize fund goes up to $3M, there's a brand new celebrity pro-am on August 19, and our Course Record prize will be running at the tournament.
For those unfamiliar with the Course Record prize β it's a rolling prize that starts at $10,000 and climbs every tournament until someone breaks a course record. We introduced it at last year's inaugural Nexo Championship, making it the first of its kind in professional golf. It's been live on the DP World Tour ever since and it'll be running at the 2026 edition too.
The tournament also closes out the DP World Tour's Closing Swing β the final event of the first phase of the Race to Dubai.
Patient. Precise. Bold. See you on the North Sea shoreline.
Full announcement: Nexo Championship Returns to Aberdeenshire as Nexo Expands DP World Tour Footprint | 2 939 |
| 3 | Security on Nexo: a quick refresher
A reminder of how security works on Nexo, both what runs in the background and what's available for you to enable.
Running in the background:
π‘ Anti-scam engine. Runs on every withdrawal, analysing transactions in real time and flagging anything suspicious before funds leave the platform. Always on.
π Encryption. AES 256-bit SSL across the platform.
π Audited infrastructure. SOC 2 Type 2, SOC 3, ISO 27001/17/18, CSA STAR Level 1, all renewed annually.
At your disposal:
π 2FA via authenticator app. A second factor on login, also required at sensitive actions (withdrawals, Address Book edits, settings changes). Authenticator apps are stronger than SMS-based 2FA, which is vulnerable to SIM swaps.
βοΈ Anti-phishing code. A personal code in the footer of every legitimate Nexo email. No code, not from us. Set it under Profile, Security & Settings, Anti-phishing code.
π Channel validator. Verify any email, handle, or URL at nexo.com/channel-validator.
π Address whitelisting. Locks withdrawals to pre-saved addresses (up to 500), with a configurable delay before new ones can be used.
Good to know:
Nexo will never ask for your password or 2FA code, request transaction authorisation via chat/email/text, or send a login link via SMS. If anyone does, it isn't us.
Suspicious message? Report them to https://support.nexo.com/contact.
Fuller overview: Common security threats and how to mitigate them. | 2 969 |
| 4 | Daily Market Dispatch β May 5, 2026
Bitcoin clears $80,000 for the first time since February as tech sector rally lifts appetite
Bitcoin has broken back above $80,000 for the first time since February, rising over 1% to around $80,690 as a broad risk-on wave sweeps through global markets. The broader crypto market cap has edged up to $2.67 trillion, recovering to early-February levels. Context for the move comes partly from outside crypto β Asian equities pushed to record highs on AI and chip enthusiasm, with U.S. futures also pointing higher and the Nasdaq composite having closed at a record on May 1. That equity backdrop set a constructive tone that carried through to liquid risk assets including Bitcoin. The Strait of Hormuz remains contested but oil is pulling back, with Brent easing to around $113 after Monday's surge above $125. Having spent months as a ceiling, $80,000 is now being tested as a floor.
Bitcoin
Bitcoin is trading at $80,690, up over 1% on the day and breaking above the resistance zone that rejected every attempt since February. The $80,000 reclaim is psychologically significant, but the more important levels are just ahead: the 200-day moving average near $82,000 and ETF cost-basis references near $83,000 β the levels that would convert this move from a relief rally into something more structural.
Spot Bitcoin ETFs attracted $532.2 million in net inflows on Monday. Cumulative net inflows across the 13 spot Bitcoin ETFs now stand at $59.3 billion, with total assets reaching $106.4 billion β representing 6.7% of Bitcoin's total market cap.
The derivatives picture adds a note of caution. Open interest is rising and implied volatility has ticked higher, but aggressive derivatives buying is not strongly supporting the rally β raising the risk that gains lack follow-through if spot demand weakens.
Ethereum & Altcoins
Ethereum is at $2,370, up 0.6% on the day but yet to reclaim April's high of $2,460 β a level that remains the near-term test for whether ETH can establish independent momentum. XRP is marginally lower at $1.41. Derivatives activity in Ethereum, XRP, and Solana has been relatively muted, suggesting the market remains selective rather than broadly expansionary. Spot Ethereum ETFs recorded $61.3 million in net inflows on Monday, a constructive signal beneath the surface.
Macro & Institutional
Oil pulled back to around $113 on Tuesday as President Trump's "Project Freedom" operation produced early signs of loosening Iran's grip on the Strait. The conflict remains the primary driver of oil's elevated level and the broader inflation outlook.
The institutional rate outlook is shifting. Barclays has abandoned its forecast for Fed rate cuts entirely in 2026, now expecting the central bank to hold through the year-end before a single 25 basis point cut in March 2027. The RBA hiked 25 basis points to 4.35% overnight β its third consecutive increase, adding to the global picture of central banks tightening in response to the energy shock rather than easing in response to growth concerns.
Goldman Sachs described Q1 earnings as "exceptionally strongβ β mega-cap tech was the standout where Amazon, Alphabet, Meta, and Microsoft collectively delivered 20% revenue growth and 61% earnings growth.
Looking Ahead
Today brings S&P Global Services and Composite PMIs, ISM Non-Manufacturing PMI, and JOLTS job openings. AMD reports after the close. The labour market data is the thread to follow through the rest of the week β ADP on Wednesday and Friday's nonfarm payrolls, hourly earnings, and unemployment rate together form the most complete near-term read on whether the economy is softening fast enough to give the Fed any room to move, or whether resilience keeps rates on hold well into 2027. The $80,000 reclaim is the opening move β whether this is recovery or resumption depends on spot demand holding.
- Iliya Kalchev, Analyst at Nexoβs Dispatch
For informational purposes only; not financial or investment advice. | 2 652 |
| 5 | Daily Market Dispatch β May 04, 2026
Bitcoin tests $80,000 as positioning sets up potential short squeeze
Bitcoin broke $80,000 in early Monday trading, peaking at $80,309 around 04:00 UTC before retreating just below $79,000. Total crypto market cap held at $2.62 trillion. The week opens with the regulatory tape as the principal catalyst after Senators Tillis and Alsobrooks released compromise CLARITY Act language late Friday. European equities opened broadly flat as investors weighed a renewed US push to reopen the Strait of Hormuz against persistent energy-price pressure. Brent remains well above pre-war levels at $109.04. Last week's FOMC delivered the expected hold. However, multiple hawkish dissents lifted Treasury yields, with the US 10Y testing a nine-month high near 4.45% before settling at 4.38% on Friday.
Bitcoin
BTC tested $80,309 in Asia trading Monday, before reversing. This was BTCβs highest print since January 31 and a level last held during the descent from the mid-January peak near $97,600. The move extends April's 11.8% gain and lifts BTC roughly 28% from its YTD low of $62,840 set on February 5.
The flow picture is mixed beneath the price action. US spot ETFs pulled in roughly $2.3 billion over the three weeks through May 1, with total net assets above $100 billion and Friday's $629.7 million inflow the largest since mid-April. Spot exchange volumes, however, ran 22% below March levels through April (daily average $5.92 billion versus $7.58 billion), consistent with the CryptoQuant read that the rally is not yet broadly confirmed by underlying spot turnover. Cumulative spot volume delta did turn positive at the margin in late April, suggesting late-stage participation, but the absolute level remains thin.
Ethereum & Altcoins
ETH trades near $2,360, up just 5.5% in April against BTC's 11.8%, with the ETH/BTC ratio at 0.0296, flat with end-2025. The ratio's failure to lift through April is the cleanest signal that this is not a broad alt rotation. ETH spot ETFs drew $339 million over the three weeks through May 1, only about 15% of BTC ETF inflows. Mean perpetual funding averaged β1.78% annualized in April with 19 of 30 days negative, mirroring the "structurally short into a rally" pattern seen in BTC but more pronounced β and without comparable ETF and spot buying, those shorts have not been squeezed into covering.
Macro & Institutional
The main catalyst for crypto this week is regulatory: compromise CLARITY Act language released late Friday bars stablecoin rewards that mimic bank deposit interest while preserving activity-based rewards, clearing a path to a Senate Banking markup this month.
On the macro side, last week's data showed US households drawing on savings to sustain spending, with the saving rate down to 3.6% of disposable income. With gasoline up 21% year over year on Middle East tensions, that buffer is unlikely to hold long. Even so, US equities closed at fresh records, with the S&P 500 up 0.9% and forward operating EPS at an all-time high of $346.19, capping the index's best month since 2020. April drew $86 billion in global equity inflows, with the US absorbing the bulk while Europe posted its heaviest redemptions in two years. AI remains the anchor and flows the accelerant, but narrower leadership suggests the next leg higher will need more than momentum.
Looking Ahead
Fed funds futures price under 10% probability of any cut through year-end after last Wednesday's hawkish hold, leaving this week's US data with asymmetric weight. Tuesday delivers ISM Services PMI and JOLTS, Wednesday ADP, and Friday closes with Nonfarm Payrolls (consensus 73K) and Unemployment Rate (4.3%). A clean run of resilient prints would entrench the no-cut path; a soft payrolls number or weak services read would be the first credible test of that pricing β and the more direct catalyst for risk appetite across crypto and equities.
- Dessislava Ianeva, Nexo Dispatch analyst
For informational purposes only; not financial or investment advice. | 1 858 |
| 6 |  A letter from the Nexo team on our eighth anniversary
The next decade will separate the platforms that assembled products from the ones that built systems.
We wrote about the thinking behind the Wealth forward philosophy, wealth as architecture, and why the years ahead matter even more.
Wealth forward: a letter from the Nexo team on our eighth anniversary | 1 795 |
| 7 |  Nexo turns eight today
Eight years ago today, we set the course for what would become a single platform for every dimension of digital asset wealth.
This vision is now a reality.
The direction hasn't changed and the best is still ahead.
Wealth forward. | 1 553 |
| 8 | Daily Market Dispatch β April 29, 2026
Bitcoin stays in-range ahead of what may be Powell's last call
Bitcoin remains in-range above $76,000, briefly up 1.5% on the day towards $78,000, before reversing. The Fed concludes its two-day meeting today in what is widely expected to be Jerome Powell's final rate decision as chair. Equity futures are pointing modestly higher, with mega-cap tech earnings from Alphabet, Microsoft, Amazon, and Meta due after the close.
Bitcoin
Bitcoin traded toward $78,000, up 1.5% on the day, before retreating below $77,000 β tight consolidation that has defined the past several sessions. The $78,000β$79,500 area remains the firm technical barrier, with profit-taking repeatedly capping advances. The pattern is familiar: sharp rallies followed by consolidation, reflecting a market that is improving in structure but not yet trending.
Bitcoin's resilience in the face of this week's macro headwinds is the more interesting data point than the price level itself. When oil surges, liquidations spike, and a central bank signals higher rates for longer, the default expectation is that risk assets sell off. Bitcoin has not. One interpretation is that the sell-side has thinned out as weaker holders have already exited β though this is difficult to verify in real time and should be weighed against the equally plausible reading that the market is simply consolidating ahead of a catalyst large enough to force the next directional move. The Fed today and the ECB tomorrow are the most likely candidates.
Ethereum & Altcoins
Altcoins stayed choppy throughout the day, initially staging a modest recovery β Ethereum up over 2%, XRP over 1%, Solana over 2%, before retreating. Bitcoin dominance continues to climb β the familiar pattern when macro stress arrives and capital consolidates into the largest asset, leaving altcoins to track Bitcoin's direction rather than set their own.
XRP has broken below the long-held $1.40 support level on strong selling volume, turning that level into resistance. Traders are watching $1.40 as the key level to reclaim and $1.37 as the next support, with a break lower opening room toward $1.32β$1.28.
Macro & Institutional
The WSJ reported that President Trump is preparing for an extended naval blockade of Iranian ports, opting for a patient pressure strategy over military escalation or a swift diplomatic resolution β a shift that removes any near-term incentive for the market to price a resolution.
The Fed is expected to hold rates steady at 3.5%β3.75% later today, with statement language the key focus β possible hawkish adjustments removing forward guidance on cuts later in 2026. Gold is near a one-month low at around $4,593 as safe-haven buyers favor the dollar in a higher-for-longer rate environment.
The week's most consequential sovereign signal came from the Bitcoin 2026 conference in Las Vegas, where Czech National Bank Governor Ales Michl presented internal analysis showing that a 1% Bitcoin allocation to the CNB's $180 billion reserve portfolio would increase expected returns while keeping risk roughly unchanged, building on the bank's first digital asset purchase in November 2025.
Looking Ahead
Today's Fed decision is the main event, with Powell's press conference what may be the last opportunity to hear directly from the outgoing chair on inflation, rates, and the energy shock. Mega-cap tech earnings from Alphabet, Microsoft, Amazon, and Meta follow after the close. Thursday delivers the ECB and BoE decisions, U.S. Q1 GDP, Core PCE, and Apple's results. For Bitcoin, the question remains whether supply exhaustion is enough to hold the range β or whether the next macro shock is the one that breaks it.
β Iliya Kalchev, Analyst at Nexoβs Dispatch
For informational purposes only; not financial or investment advice. | 1 478 |
| 9 | Daily Market Dispatch β April 24, 2026
Bitcoin tests $78,000 as geopolitical uncertainty and central bank decisions loom
Bitcoin is holding above $78,000 to close out a fourth consecutive week of gains, even as the macro backdrop grows more challenging. Brent crude has climbed above $106 and equity futures are mixed. Gold is heading for a weekly decline, slipping to around $4,692 as rising oil fans inflation fears and keeps rate cut expectations at bay. President Trump has stated he is in no rush to reach a permanent deal with Iran, and the Strait of Hormuz shows few signs of near-term resolution. The week ends with more questions than answers, but the institutional bid underneath Bitcoin has remained largely intact.
Bitcoin
Bitcoin is trading around $78,500, as it remains on course for a fourth consecutive weekly gain. The $80,100 level is the immediate technical test β Glassnode identifies it as the threshold where recent buyers return to profit and where rallies have historically stalled. Breaking above it cleanly would shift the conversation from recovery to resumption.
Spot Bitcoin ETFs have extended their positive streak to eight consecutive days, drawing over $2 billion in net inflows between April 6 and April 22, on top of $1.32 billion in March that reversed a four-month outflow streak. Thursday alone saw $223.2 million in inflows. Cumulative net inflows across Bitcoin ETFs have now surpassed $58 billion, with total assets hovering around $100 billion β a scale of institutional participation that has no precedent in Bitcoin's history.
Ethereum & Altcoins
Altcoins are trading cautiously in a range-bound session. Ethereum trades around $2,300, XRP edged up to $1.43 and Solana eased to $86. Ethereum ETFs snapped their 10-day positive inflow streak on Thursday, posting $76 million in net outflows, a development worth monitoring given the broader rotation dynamic underway. A sustained altcoin recovery would likely require Bitcoin to clear $80,100 convincingly and geopolitical visibility to improve.
Macro & Institutional
Oil is the dominant macro story to close the week. Brent is up 1.7% to around $106.88 and WTI near $97.21, both on track for their largest weekly gain since early March. The Strait of Hormuz closure is now entering its third month with few signs of near-term relief. A three-week Israel-Lebanon ceasefire extension was announced Thursday, though Hezbollah representatives were absent from the talks, limiting its market impact.
Equity futures are mixed. The Nasdaq is outperforming on the back of strong AI-related earnings. European stocks are slipping 0.4% and the dollar is firming on haven demand. Gold is heading for a weekly loss of around 3%, pressured by the higher-for-longer rate narrative that elevated oil continues to feed.
A JPMorgan report published Wednesday adds a quieter but relevant data point. Analysts identified security vulnerabilities and stagnant growth as the primary obstacles to large-scale institutional adoption of DeFi. During periods of stress, capital has rotated toward stablecoins, they say, citing deeper liquidity and faster off-ramps on centralized platforms.
Looking Ahead
Next week is one of the heaviest on the macro calendar this year. Tuesday brings the Bank of Japan's rate decision alongside U.S. CB Consumer Confidence for April. Wednesday is the main event: the Fed's rate decision and FOMC statement, followed by the press conference, with the Bank of Canada also deciding on the same day. Thursday delivers a simultaneous read from the Bank of England and ECB, Eurozone CPI and unemployment, U.S. Core PCE β the Fed's preferred inflation gauge, initial jobless claims, and the Chicago PMI. Five central banks in three days, against a backdrop of oil above $100 and inflation expectations drifting higher. The macro picture can shift materially in either direction before next Friday.
β Iliya Kalchev, Analyst at Nexoβs Dispatch
For informational purposes only; not financial or investment advice. | 1 829 |
| 10 | Daily Market Dispatch β April 23, 2026
Bitcoin consolidates below $78,000 as oil climbs and peace talks stall
Bitcoin is consolidating above $78,000 as the post-ceasefire relief rally runs into harder reality. The broader crypto market cap sits at $2.58 trillion, just below Wednesday's recovery highs. Oil is back above $103 and equity futures are pointing 0.4β0.6% lower this morning as Iran's renewed aggression in the Strait of Hormuz offsets the goodwill from Trump's ceasefire extension. The S&P 500 closed at a record 7,137 on Wednesday, though futures are pulling back this morning as the geopolitical picture darkens again. In the background, more than 100 established crypto exchanges and intermediaries signed a letter urging the Senate to advance the CLARITY Act this week, a sign that formal oversight is where the mature part of the industry wants to go.
Bitcoin
Bitcoin is trading around $78,166, up a modest 0.2% over the past 24 hours, after briefly touching $79,388, its strongest level since early February, before pulling back. Bitcoin's outperformance relative to the broader complex is notable: up 4% on the week while most majors are flat or lower. Negative funding rates alongside rising prices point to spot-led buying or short covering rather than leveraged speculation, a more constructive market structure than the headline move might suggest.
CryptoQuant's Bull Score Index has flipped to a neutral 50 for the first time since Bitcoin peaked above $126,000. This typically marks a transitional phase rather than a confirmed trend. A neutral reading at 50 has historically preceded transitional periods. A slide below $76,000 would suggest the $79,388 high marked the top of this leg. Spot Bitcoin ETFs extended their week-long positive streak with $85 million in inflows on Wednesday, suggesting institutional demand is building rather than fading.
Ethereum & Altcoins
Altcoins are trading cautiously as risk appetite remains subdued. Ethereum slipped 1.7% to around $2,350, XRP fell 2.3% to $1.42, Solana and Polygon each declined around 2%, and Cardano shed 3%. Dogecoin dipped 1.5%. The divergence between Bitcoin and the rest of the complex continues to widen. When a rally concentrates in one asset while others trade sideways, it tends to reflect a more selective bid rather than broad market conviction. Ethereum ETFs are on a 10-day positive inflow streak, adding $43 million on Wednesday alone, a bright spot beneath the surface price weakness.
Macro & Institutional
The ceasefire extension has brought a pause in hostilities, though the underlying tensions remain unresolved. Brent crude is back above $103 and WTI near $94.83. The longer the Strait remains effectively closed, the more markets may be forced to treat supply disruption as a structural condition rather than a temporary risk premium, a repricing that oil's return above $103 has already begun to reflect.
U.S. equity futures are pointing lower despite Wednesday's record close, with nearly 80% of S&P 500 companies beating first-quarter expectations providing a floor. The earnings tailwind is increasingly competing with the oil ceiling. A Reuters poll this week found investors expect the Fed to wait at least six months before cutting rates, with the dollar strengthening on haven demand and hitting its strongest level since April 10.
Looking Ahead
Today's initial jobless claims are the lead data point, the first read on whether the energy shock is feeding through into labor market softness, followed by S&P Global flash PMIs for manufacturing and services, offering the clearest picture yet of how companies are absorbing the war's cost pressure. Japan CPI prints overnight. Friday brings the Michigan Consumer Sentiment final, with the 1-year inflation expectations component the number to watch ahead of the April 28β29 FOMC meeting.
β Iliya Kalchev, Analyst at Nexoβs Dispatch
For informational purposes only; not financial or investment advice. | 1 524 |
| 11 | Daily Market Dispatch β April 22, 2026
Bitcoin tests $78,000 on ceasefire extension
Bitcoin pushed toward $78,000 in early Wednesday trading after President Trump announced an indefinite extension to the ceasefire with Iran. The broader crypto market cap reached $2.62 trillion, recovering toward pre-war levels after a timid start to April. Equity futures are pointing 0.6β0.8% higher across the board. Gold is ticking up to around $4,751, supported by a weaker dollar, which has retreated to pre-war levels as the March safe-haven spike unwinds, while Brent crude is holding just below $100.
Bitcoin
Bitcoin is trading above $78,000, up 3% over the past 24 hours and on track for its third consecutive day of gains. The move above the $75,000β$76,000 range that had capped the prior two weeks was partly mechanical β short positions built up over weeks were forcibly liquidated as price crossed that level, a dynamic that amplifies but cannot sustain a rally without underlying spot demand to follow. Spot volumes reinforce that caution, monthly activity is running below recent historical averages and cumulative spot delta has yet to turn decisively positive, consistent with price advancing faster than broad spot participation.
K33 Research flagged that funding rates turned deeply negative even as prices rose, with open interest trending higher β a configuration that cuts both ways, increasing the potential for further short squeezes but also leaving the market exposed to a sharp reversal if geopolitical sentiment deteriorates. US spot Bitcoin ETFs recorded a sixth consecutive day of net inflows on April 21, though the aggregate of $11.83 million was the smallest daily figure of the streak.
Ethereum & Altcoins
Ethereum is up 3.2% to around $2,391, with the broader market gaining approximately 2.3% over the past 24 hours. XRP advanced 1.3% to $1.46, again testing the $1.45 level that has rejected multiple rallies this year β a ceiling the token has approached but not convincingly cleared. Solana, Cardano, and Polygon each added around 2.5%, while Dogecoin gained 2.3%. The altcoin complex is participating in the move, though gains remain measured relative to Bitcoin β consistent with a market re-risking cautiously rather than rotating aggressively into higher-beta names.
Macro & Institutional
Markets are cautiously optimistic but not convinced. The ceasefire extension lifted futures, but oil near $100 and a 4.4 million barrel draw in U.S. crude inventories β more than four times the expected figure, signal that the supply shock is far from resolved. The dollar index has retreated to pre-war levels, unwinding the March safe-haven spike and providing a modest tailwind for gold, which is ticking up to around $4,751. March retail sales rose 1.4% compared to February, though the headline flatters: the bulk of the gain came from gas station sales inflated by war-driven fuel prices, not broad consumer strength.
The Warsh hearing produced no market-moving surprises. UBS maintained its call for 50 basis points of additional cuts by year-end, citing cooling core inflation and softening labor data.
Looking Ahead
The ceasefire extension buys time but resolves nothing structurally. Iran has not formally accepted the terms, the blockade continues, and Hormuz remains functionally closed. For Bitcoin, the immediate test is whether institutional spot demand is sufficient to absorb supply once the mechanical squeeze exhausts itself, and whether the $78,000β$83,000 range can hold on that basis alone.
Thursday's initial jobless claims are the lead data point β the first read on whether the energy shock is feeding into labor market softness, followed by flash PMIs and Japan CPI overnight. Friday's Michigan Consumer Sentiment final closes the week, with the 1-year inflation expectations component the number to watch ahead of the April 28β29 FOMC meeting.
β Iliya Kalchev, Analyst at Nexoβs Dispatch
For informational purposes only; not financial or investment advice. | 1 213 |
| 12 | Daily Market Dispatch β April 21, 2026
Bitcoin climbs above $76,000 as institutional demand and ceasefire hopes drive momentum
Crypto is starting the week with momentum. Bitcoin has climbed above $76,000, up 1.6% on the day, with total crypto market cap edging above $2.58 trillion as improving risk sentiment and steady institutional inflows provide a constructive backdrop. US equity futures are edging up 0.2%β0.3%, oil is pulling back toward $95, and gold is holding near $4,783. The ceasefire deadline arrives this week β Trump announced the two-week pause on April 7, with expiry expected around Wednesday evening ET, making the outcome of US-Iran talks in Pakistan the dominant macro variable for the days ahead.
Bitcoin
Bitcoin is trading above $76,000, building on last week's strongest weekly performance since the conflict began. The key resistance levels are $75,500β$75,600; a clean break above them opens the path toward $80,000, Bitcoin's prior consolidation zone from early 2026. Below, $73,500 is the near-term support. Technical momentum is building β the bull/bear power indicator is in buy territory and the Commodity channel index is approaching the 100 threshold, signalling strengthening upward conviction.
Spot Bitcoin ETFs recorded $996 million in weekly inflows last week β the strongest week since early January, with Friday alone accounting for $663 million. The momentum has carried into this week, with Monday already recording $238 million in inflows. Institutional buyers are returning to Bitcoin with conviction, not caution. Year-to-date ETF flows have now turned positive, and whale accumulation during dips has continued to provide structural support through the ceasefire volatility.
Ethereum & Altcoins
Ethereum rose 0.7% to around $2,314, with XRP up 1.5% and Solana gaining 1%. Bitmine β the world's largest public holder of ETH, added 101,627 ETH, its largest single purchase since December, bringing total holdings to 4.98 million ETH. The company's long-term target remains 5% of total supply, and its continued accumulation at scale underlines that institutional conviction in Ethereum as a treasury asset is deepening.
Macro & Institutional
Oil is pulling back toward $95 as mixed signals on US-Iran talks keep markets oscillating. Hormuz remains effectively closed β Iran reopened the strait briefly on Friday before shutting it again following the US seizure of an Iranian-flagged cargo ship. An extension of the ceasefire this week opens the door to further oil price declines and a broad risk-on continuation.
Gold at $4,783 is edging lower on a firmer dollar. The Warsh confirmation hearing today is the domestic macro event to watch β his prepared remarks emphasise Fed independence, but markets will parse every word for signals on the rates path, given his track record is less dovish than some expected.
JPMorgan raised its S&P 500 year-end target to 7,600, lifting its 2026 EPS estimate to $330 for 22% year-on-year growth. Amazon simultaneously announced a $5 billion immediate investment in Anthropic with Anthropic committing $100 billion to AWS over the next decade. AI capex is forecast to rise 58% year-on-year to $775 billion by year-end. The AI infrastructure trade is accelerating, not slowing and crypto is positioned to benefit as the natural companion to the digital economy buildout.
Looking Ahead
The ceasefire deadline Wednesday evening is the week's defining event for oil, rates, and risk assets. Fed Governor Waller speaks Tuesday, followed by UK CPI Wednesday β the first major inflation read of the week. Thursday is the busiest data day: US initial jobless claims, S&P Global manufacturing and services PMIs, and Japan CPI all land together. Friday closes with Michigan Consumer Sentiment. For crypto, the path to $80,000 is open; whether it is taken this week depends as much on Islamabad as on the data.
- Iliya Kalchev, Analyst at Nexoβs Dispatch
For informational purposes only; not financial or investment advice. | 1 352 |
| 13 | Today marks the final day before the FOMC blackout period begins at midnight. Fed officials Daly, Barkin, and Waller speak, their last opportunity to signal any shift in the rate outlook before the Committee goes silent ahead of the April 28β29 meeting. The IMF Spring Meetings continue in Washington, with potential signals on global growth and trade fragmentation.
Next week's flash PMIs and preliminary Michigan consumer sentiment are the first April reads on whether tariff and geopolitical uncertainty is hitting real activity. The Michigan 1-year inflation expectations component is the one to watch. Consensus has jumped to 4.8% from 3.8%, the de-anchoring dynamic the Fed most wants to avoid.
β Dessislava Ianeva, Nexo Dispatch analyst
For informational purposes only; not financial or investment advice. | 1 349 |
| 14 | Daily Market Dispatch β April 17, 2026
Bitcoin holds its gains ahead of pivotal weekend
Bitcoin is trading near $75,000, up around 5% on the week even as the global equity rally pauses ahead of a pivotal weekend. The U.S.-Iran ceasefire is set to expire with investors watching whether negotiations extend or collapse.
The S&P 500 and Nasdaq 100 closed at fresh all-time highs on Thursday before U.S. futures turned flat in Asian hours. Brent crude fell 1.2% to $98 after President Trump said prospects for a permanent ceasefire were looking very good β claims Iran has not confirmed. Gold held near $4,793, around 9% below its level at the onset of the conflict in late February. The U.S. 10-year yield rose for a second consecutive session to 4.317% and the dollar index sits at 98.24, near its lowest since early March.
Bitcoin
Bitcoin is trading near $75,000, holding the bulk of this week's gains as risk appetite stabilizes ahead of the weekend. Perpetual funding rates hover near neutral levels on aggregate, a sign that the market lacks clear direction.
Institutional positioning remains constructive. Bitcoin spot ETFs recorded $26.1 million in net inflows on April 16, the third consecutive day of positive flows. BlackRock's IBIT led with $81.7 million in daily inflows while Fidelity's FBTC saw $36 million in outflows. Total Bitcoin spot ETF AUM stands at $97.9 billion, representing 6.5% of total Bitcoin market cap.
Glassnode on-chain data confirms the cautious read. Around 5.5 million BTC β 27% of circulating supply β was acquired between April 2025 and January 2026 at average prices between $92,000 and $107,000, leaving those holders with an estimated $134 billion in combined unrealized losses. Against that overhang, coins held for two years or more represent 64% of supply with no pressure to sell. The market is caught between a distressed cohort above and patient long-term holders below.
Ethereum & Altcoins
Ether hovers above $2,300, up more than 7.2% on the week, extending the outperformance that emerged earlier this week. XRP held $1.43 with a 7.5% weekly gain, SOL added 6.6% to $88. Similar to Bitcoin, institutional positioning across the altcoin complex is stabilizing. Ethereum spot ETFs posted $18 million in net inflows on April 16, the sixth consecutive day of positive flows, with BlackRock's ETHA leading at $30.5 million. XRP spot ETFs added $11.9 million and Solana ETFs recorded $15.5 million, with BSOL the sole Solana vehicle seeing activity. Total ETH ETF AUM stands at $13.7 billion.
Derivatives positioning continues to reflect a preference for protection over aggressive upside exposure, consistent with a market that is risk-aware rather than risk-off. Any sustained altcoin rebound likely requires a clearer read on the ceasefire outcome over the weekend.
Macro & Institutional
The equity rally is pricing in a near-term resolution to the Middle East conflict that the underlying data does not yet support, and the gap between market positioning and macro reality is the primary risk to watch. The Strait of Hormuz remains effectively closed. The IEA has warned European airlines have roughly six weeks of jet fuel reserves. The IMF cautioned this week that economic damage continues to be underestimated and that global public debt is on track to reach 100% of world GDP by 2029 β a threshold that historically constrains central bank independence and narrows the policy space available to respond to a growth shock. Each of these data points represents a tail risk that equities have largely set aside. If the ceasefire fails to extend, the conflict premium that has been unwound over the past two weeks would need to be repriced rapidly across oil, rates, and risk assets simultaneously.
Looking Ahead | 1 278 |
| 15 | Wednesday closes with the Fed Beige Book. Published eight times a year, it compiles anecdotal evidence from all twelve Fed districts and feeds directly into FOMC deliberations. Business uncertainty, hiring, and price-setting are the signals to watch, though partisan sentiment increasingly clouds the read. Fed Governors Barr and Bowman speak at 15:30 and 20:45 ET in their final appearances before the Fedβs blackout period begins Saturday. Thursday brings the last hard read before the April 28β29 FOMC meeting: Jobless Claims, the Philadelphia Fed Manufacturing Index, and Industrial Production all print at 08:30β09:15 ET.
β Dessislava Ianeva, Nexo Dispatch analyst
For informational purposes only; not financial or investment advice. | 1 253 |
| 16 | Daily Market Dispatch β April 15, 2026
Crypto holds its gains as markets await resolution
Despite a slight pullback over the past 24 hours, Bitcoin is holding its Monday gains above $74,000. Risk assets continue to be lifted by ceasefire optimism and with yesterday's softer-than-expected PPI adding fuel, the data suggests the energy shock is being absorbed rather than amplified. The S&P 500 closed less than 1% below its all-time high, with better-than-expected earnings providing further support. However, the backdrop remains fragile. The ceasefire expires April 21, a second round of talks has yet to be scheduled, and the Fed is not moving before September. The rally has no monetary policy cushion if talks break down.
Bitcoin
BTC closed Tuesday at $74,171, up 10.6% since the Iran war began on February 28. Unlike most risk assets, it did not fall materially when the conflict started and has continued to grind higher through the recovery. Spot volume reached $8.7 billion and $9.6 billion on April 13 and 14, respectively, back to January averages and above March's $7.6 billion daily mean, supporting the price move.
Perpetual open interest has risen from war lows of approximately $25 billion to $33.9 billion on April 14. Funding turned negative as open interest rose, suggesting shorts are being opened into the price rise, but the rate has recovered from a low of -0.018% per 8-hour period on Tuesday to -0.004% early Wednesday, remaining moderate. This suggests that short positioning lacks conviction. While investors are skeptical of the rally they do not aggressively bet against it.
Ethereum & Altcoins
ETH reached an intraday high of $2,392 on Tuesday before closing at $2,323, with price pulling back further to $2,317 early Wednesday. Volume recovered from multi-month lows to March levels, but remains below February's war-driven peak, suggesting the recovery is real but not yet structural re-engagement. The cumulative spot volume delta reinforces the same read. February saw approximately 783,000 ETH of net selling pressure accumulate, March reversed 124,000 of that, and April has recovered a further 119,000, around 15% of February's selling wave. Selling pressure is easing and gradually reversing, though February's selling wave remains largely intact.
ETH spot ETFs offer a constructive signal with four consecutive days of net inflows through April 14 totaling approximately $213 million, the first sustained accumulation in over a month. Overall, ETH's 7-day BTC correlation sits at 0.887, up modestly from 0.873 at the start of the year. SOL and XRP show a more pronounced shift , from 0.77 and 0.79 in January to 0.85 and 0.84 now, reflecting a broad increase in macro dependence.
Macro & Institutional
Risk assets have recovered to pre-war levels, with the S&P 500 closing Tuesday at 6,967, less than 1% below its all-time high. Two forces are driving the move: ceasefire optimism and an earnings season that has opened above expectations. Goldman Sachs and JPMorgan both beat Q1 estimates on record trading revenue, with Bank of America and Morgan Stanley reporting today before the bell.
Tuesday's PPI added to the relief. The Producer Price Index measures prices received by producers at the point of final sale; March came in at 0.5% against a consensus of 1.1%, suggesting producers absorbed most of the war-driven energy shock rather than passing it through broadly. Services were flat and core ex-food/energy rose just 0.1%. However, specific PPI components that feed directly into the Fed's preferred PCE inflation gauge remained firm, and Bank of America estimates March PCE will still accelerate to 3.1% headline and 3.5% core annually. That will keep the Fed on hold, with markets pricing a single cut this year, no earlier than September. Treasury yields remain 35β40 basis points above pre-war levels suggesting the risk asset recovery remains exposed to Middle East headline risk.
Looking Ahead | 1 186 |
| 17 | Daily Market Dispatch β April 14, 2026
Investors are buying the de-escalation trade
Risk sentiment has improved markedly. Markets are reading President Trump's Strait of Hormuz blockade as a negotiating tactic rather than a genuine escalation β a move to cut off Iranian oil revenues and force a return to the table, not a prelude to conflict. Bitcoin broke above $74,000, ETH is nearing $2,400, and the total crypto market cap is up nearly 5% over the past 24 hours to $2.5 trillion. U.S. equities have fully recovered their war-driven losses and oil is back below $100 after spiking above $105 on Monday. Gold, however, is still 10% below its end-February close. Investors are rotating out of safe havens and into risk assets, positioning for a resolution before it is confirmed.
Bitcoin
Bitcoin has cleared $74,000, the resistance level that held for six weeks, supported by two converging tailwinds. Iran war fears are easing at the margin as President Trump's comments show willingness to negotiate, and the Bank of Japan is signaling no rate hike at its April 28 meeting, keeping the yen carry trade intact. Whether the rally holds depends on ceasefire progress.
The ETF picture is nuanced. Bitcoin ETFs recorded $291 million in net outflows on April 13, led by $229 million from Fidelity's FBTC. BlackRock's IBIT was the standout exception with $34.7 million in inflows and cumulative IBIT inflows now stand at $63.8 billion. Bitcoin is absorbing the outflows without breaking. Glassnode data shows that spot volume delta β the difference between buy and sell pressure β has flipped positive in April for the first time in 2026. After averaging -$199 million per day in February, the heaviest sell month of the year, it now runs at +$38 million, with eight of thirteen April trading days closing with net buying.
Ethereum & Altcoins
Ether is outpacing Bitcoin for the first time in months, up around 13.2% over 24 hours versus Bitcoin's 8.6%. The outperformance is backed by institutional flows. Ethereum ETFs recorded $9.4 million in net inflows on April 13, with BlackRock's staked ETH product ETHB leading at $5.8 million. Weekly ETH ETF inflows of $187 million for the period ending April 10 were the strongest of 2026 and a sharp reversal from three straight weeks of outflows. Cumulative ETH ETF inflows have reached a record $11.68 billion.
Macro & Institutional
US PPI for March prints today and it will be the first hard read on how the oil shock is feeding into producer prices. Bond yields remain elevated even as equities have nearly recovered to pre-war levels, an inconsistency ING's rates team flags: higher energy costs and tighter monetary policy should in theory weigh on equities, but momentum is winning.
On the regulatory front, the CLARITY Act is advancing quietly. White House crypto adviser Patrick Witt told CoinDesk this week that the stablecoin yield compromise reached in March is holding and that several other outstanding issues have been resolved in parallel. The Senate Banking Committee markup remains targeted for late April.
Looking Ahead
Today brings a full slate of Fed speakers and BoE Governor Bailey in New York. Investors attention then turns to Thursday, the most concentrated event day of the quarter. The SEC hosts a public roundtable on digital asset market structure β a signal of regulatory direction ahead of the CLARITY Act Senate markup targeted for late April. China Q1 GDP, EU CPI final, Philadelphia Fed Manufacturing, and initial jobless claims all land the same day.
β Dessislava Ianeva, Nexo Dispatch analyst.
For informational purposes only; not financial or investment advice. | 1 239 |
| 18 | Daily Market Dispatch β April 9, 2026
Bitcoin holds above $70,000 amid ceasefire uncertainty as inflation data looms for directional clues
Wednesday's relief rally is cooling on Thursday as the ceasefire shows early signs of strain. Bitcoin has pulled back to around $70,800, down 1.2% on the day, with total crypto market cap retreating modestly from Wednesday's highs above $2.4 trillion. Equity futures are down 0.3%β0.4%, oil has rebounded toward $97, and gold is holding near $4,730. Today's triple data release β Core PCE, Q4 GDP, and initial jobless claims, is the week's most important macro event, landing into a market still calibrating the distance between a two-week truce and a durable resolution.
Bitcoin
Bitcoin is holding above $70,000 β a level it struggled to sustain for most of the past six weeks. The pullback from Wednesday's $72,700 high is orderly, reflecting profit-taking after a sharp move. Πverage daily spot volume in April is tracking at $5.6 billion USD, down 60% from the same period last year. However, Glassnode data shows that spot CVD has turned positive on a monthly basis. Six of nine sessions this month have closed with positive daily delta β reversing the net selling that peaked at $199 million USD per day in February. Participation remains cautious, but the flow structure suggests sentiment is improving at the margin.
ETF flows capture the dynamic precisely: Wednesday saw $93.9 million in net outflows as institutions took profits, but Morgan Stanley's newly launched MSBT recorded $30.6 million in inflows on its debut β a signal that new distribution channels are opening.
Ethereum & Altcoins
Ethereum fell 3% to around $2,176, with XRP down 3.8%, while SOL declined 2.4%. Beneath the price action, the structural case for ETH continues to build: stablecoins on the Ethereum network have reached an all-time high of $180 billion β up 150% over three years, with Ethereum holding 60% of total stablecoin supply.
Macro & Institutional
Oil's partial rebound to $97 captures the market's read on the ceasefire: something has changed, but not enough to price a full normalisation. The Strait of Hormuz remains effectively closed, Iran has halted tanker traffic despite initial signals of openness, and EIA data showed US crude stockpiles rising to their highest level in nearly three years. The full unwind of the energy shock will take time even if diplomacy progresses. Gold at $4,730 is holding well β Friday's US CPI is the real test, with markets bracing for an energy-driven uptick in headline inflation. The Fed minutes released Wednesday confirmed policymakers are increasingly concerned about the oil shock's inflationary pass-through β a hawkish undercurrent that tempers the rate-cut repricing from earlier in the week.
The Wall Street session closed strongly Wednesday β S&P 500 up 2.5%, Dow up 2.9% for its best day in a year, but futures are pointing modestly lower as the ceasefire's durability is questioned. The S&P 500 faces meaningful resistance at 6,900β7,000, a level it was already struggling with before the conflict began.
Looking Ahead
Today's Core PCE, Q4 GDP, and jobless claims are the first comprehensive read on where the US economy stood as the energy shock hit β and the results will frame how markets interpret tomorrow's CPI. A softer CPI combined with progress in Islamabad talks this weekend would set up a genuinely constructive Q2 outlook for crypto. The harder scenario β hot inflation with a stalling ceasefire, would return markets to the higher-for-longer holding pattern that defined March. Iranian negotiators arrive in Islamabad tonight for talks tentatively scheduled for Saturday; what emerges will matter as much as any data print this week.
- Iliya Kalchev, Nexo Dispatch analyst
For informational purposes only; not financial or investment advice. | 1 717 |
| 19 | Daily Market Dispatch β April 8, 2026
Bitcoin above $70,000 as ceasefire resets the macro picture β but the real test is whether it lasts
Markets are surging on Wednesday after the US and Iran agreed to a two-week ceasefire, brokered by Pakistan just hours before Trump's hard deadline. Bitcoin has jumped above $71,000, total crypto market cap is just below $2.44 trillion, oil has plunged over 13% back below $100, gold is climbing toward $4,800, and equity futures are up 2.5% -- 3.5% across the board. The probability of at least one Fed rate cut by December has jumped to 43% from 14% a day earlier. This is the most significant macro shift for risk assets since the conflict began.
Bitcoin
Bitcoin has surged to around $71,800, up 4.7% on the day and briefly touching $72,700 β its highest since March 18. The move is macro-driven, but the onchain setup that was quietly building underneath has made the rally more meaningful than it might otherwise appear. Supply in the $60,000β$70,000 range has grown to 1.85 million BTC since January β nearly 9.3% of circulating supply, a sign of aggressive dip buying that has created a strong demand floor. With only 400,000 BTC sitting between $70,000 and $80,000, the supply is thin overhead, meaning any sustained move above $70,000 could accelerate quickly through a zone of limited resistance.
ETF flows are reinforcing the structural case. Monday recorded $471 million in spot Bitcoin ETF inflows β the largest single-day total since February 25, followed by $159 million in outflows on Tuesday, a quick directional reversal that underlines just how sensitive flows remain to headline risk. Wednesday's ceasefire news is likely to swing momentum back positive. The $70,000 level, which has acted as a ceiling for most of the past five weeks, now becomes the key support to defend for the recovery to be taken seriously.
Ethereum & Altcoins
Ethereum jumped 6.9% to around $2,250, with XRP up between 3.5% and 5%, Solana adding 6.5%, and Cardano gaining up to 8%. Spot ETH ETFs recorded $64 million in outflows on Tuesday, but the broad-based nature of today's altcoin rally is a positive signal, reflecting genuine risk-on rotation rather than Bitcoin-specific flows. The ETH technical setup that was building last week β moving average crossover, rising open interest, whale accumulation β now has the macro tailwind it was waiting for. If the ceasefire holds and oil continues lower, ETH has the structural setup for a more sustained move.
Macro & Institutional
The macro picture shifted materially on Wednesday. Oil below $100 directly reverses the stagflation narrative that has defined markets for six weeks and the rate cut probability repricing from 14% to 43% for December captures just how quickly the investment thesis can change when the energy variable moves. The SEC's formal acknowledgement this week of past enforcement overreach in crypto may prove equally significant in the longer run. The US crypto regulatory environment is undergoing its most substantive reset in a decade β and the timing, as institutional capital is beginning to re-engage, could not be better calibrated.
Looking Ahead
Beyond the geopolitical clock, the data calendar is dense and front-loaded toward the end of the week. Thursday is the most consequential day: Core PCE, Q4 GDP, and initial jobless claims all land simultaneously β a triple release that could materially reprice rate expectations in either direction. Friday closes with German CPI and US CPI, delivering the final inflation read of the week. With the energy shock still feeding through to prices, every inflation print this week carries asymmetric weight for crypto β a softer read reopens the rate-cut conversation; a hotter one hardens the higher-for-longer narrative further.
- Iliya Kalchev, Nexo Dispatch analyst
For informational purposes only; not financial or investment advice. | 1 676 |
| 20 | Daily Market Dispatch β April 7, 2026
Crypto stays cautious as geopolitics and inflation data set the tone for Q2
Crypto is opening the week on a cautious note. Bitcoin slipped below $69,000 after briefly touching $70,000 on Monday on ceasefire optimism, with the total crypto market cap holding above $2.3 trillion. The backdrop is dominated by a hard deadline: the US has set April 7 at 8pm ET for Iran to reopen the Strait of Hormuz or face strikes on infrastructure. Oil is at $110, the dollar is firm, European stocks are treading water, and equity futures are edging lower. The market is not in panic, but it is not committed either, waiting for the deadline to pass before taking a clearer position. With the energy shock still feeding through to prices, every inflation print this week carries asymmetric weight for crypto β a softer read reopens the rate-cut conversation; a hotter one hardens the higher-for-longer narrative further.
Bitcoin
Bitcoin is trading near $68,500, down 0.8% on the day after failing to hold above $70,000 β a level that has now rejected price twice this month. The pattern is consistent: optimism on diplomatic signals, a push higher, then a retreat as those signals prove inconclusive. The $68,000 level is now the immediate support; below it, the $65,000β$63,300 zone is where structural buying has previously emerged.
The most significant development of the week so far is Monday's ETF flow data. Spot Bitcoin ETFs attracted $471 million in inflows β the largest single-day total since February 25.
Ethereum & Altcoins
Ethereum is trading near $2,108, down 2% on the day but showing several converging signals worth watching. Spot ETH ETFs recorded $120 million in inflows on Monday β their largest single-day total since mid-March, a meaningful sign of returning institutional interest. On the technical side, the 20 and 50-day moving averages on the 12-hour chart are within striking distance of a bullish crossover. The last time this setup completed, ETH rallied 16%. Open interest has risen to over $10 billion, as whale wallets added approximately 190,000 ETH since April 3, providing spot support beneath the technical setup. The technicals, derivatives, and onchain data are all pointing in the same direction β the question is whether macro gives ETH the room to move.
XRP fell 2.4%, Solana and Polygon each declined around 3%, and Cardano slipped more than 4%, with the broader altcoin complex tracking the cautious macro mood.
Macro & Institutional
The macro picture remains one of careful navigation β a global economy managing an energy shock while markets search for clarity on its duration. Oil is holding at $110 with the Strait of Hormuz still effectively closed, and the IEA has described this as the most severe supply disruption in history.
In addition, Fed officials this week used a traffic-light system to frame their outlook: inflation approaching red, labor market yellow, financial stability green. The implication is that the Fed's next move is more likely a hold than a cut, but the path there runs through data that still needs to cooperate.
Looking Ahead
Beyond the geopolitical clock, the data calendar is dense and front-loaded toward the end of the week. Wednesday brings the 10-year Treasury note auction β a key read on bond market sentiment and yield direction at a moment when inflation expectations are elevated. Thursday is the most consequential day: Core PCE, Q4 GDP, and initial jobless claims all land simultaneously β a triple release that could materially reprice rate expectations in either direction. Friday closes with German CPI and US CPI, delivering the final inflation read of the week. With the energy shock still feeding through to prices, every inflation print this week carries asymmetric weight for crypto β a softer read reopens the rate-cut conversation; a hotter one hardens the higher-for-longer narrative further.
- Iliya Kalchev, Nexo Dispatch analyst
For informational purposes only; not financial or investment advice. | 1 961 |
