Nexo Radar

From the U.S. crypto reserve, to the state of the bull market, Antoni Trenchev breaks down the biggest headlines shaping crypto right now. Plus, a fresh Bitcoin price prediction – tune into his latest interview on CNBC. Watch the interview 👉 here.

Markets expecting key economic data, with investors looking at the end of the week for the strongest indicators: 🇺🇸 U.S. S&P Global Services PMI (Feb) – March 5, 14:45 UTC 🇪🇺 ECB Interest Rate Decision (Mar) – March 6, 13:15 UTC 🇺🇸 U.S. Unemployment Rate (Feb) – March 7, 13:30 UTC 🇺🇸 Fed Chair Powell Speaks – March 7, 17:30 UTC

Nexo Co-Founder Antoni Trenchev is joining CNBC for an exclusive interview. Don’t miss his insights on the latest market trends and what’s next for crypto. Tune in on March 3 at 05:15 UTC.

Introducing the Product Lounge – a new AMA series on Reddit where you get direct access to our product team for insights, discussions, and answers to your biggest questions. First up: the Markets section. From PnL tracking to AI-driven insights, real-time analytics, and UX improvements, this is your chance to ask questions and share ideas: Product Lounge – Markets Edition 🗓 March 5, 14:00 UTC

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Daily Market Dispatch – Feb 28, 2025 For informational purposes only; not financial or investment advice. Overview The cryptocurrency market is presenting opportunities as it adjusts to macroeconomic shifts and evolving institutional strategies. Bitcoin (BTC) is settling around $80,000, while Ethereum (ETH) is maintaining a key level at $2,100. Traders and institutional investors are assessing the impact of recent tariff measures, positioning themselves accordingly. Market sentiment remains active, with data on ‘buy-the-dip’ enthusiasm reaching a seven-month high, reflecting strong investor confidence in long-term growth. Bitcoin & Market Sentiment Bitcoin is consolidating around $80,000 after an 8% adjustment in the past 24 hours. Market participants are closely watching price action within the $75K-$80K range, a zone that historically attracts significant trading volume. Institutional investors continue to rebalance portfolios in response to macroeconomic shifts, contributing to short-term fluctuations. Options data indicates that BTC’s ability to reclaim $80,500 will be a key factor in near-term momentum. A breakout above this level could pave the way for further upside, while a failure to establish it as support may lead to further testing on the downside. On-chain data from Santiment highlights a surge in accumulation interest, often a precursor to market stabilization and recovery. Ethereum & Altcoins Ethereum remains resilient despite short-term pressures, holding at $2,102 after a recent 10% decline. The market is still digesting the impact of the Bybit incident, which has reignited discussions on DeFi security, but long-term investor interest in Ethereum remains intact. Altcoins are adjusting in tandem with broader market movements. XRP and DOGE have recorded 10% declines, while SOL has retested its $128 level. The total cryptocurrency market capitalization stands at $2.7 trillion, maintaining a robust foundation despite recent retracements. If Solana holds above $128, it could see renewed momentum toward previous highs. Macroeconomic Drivers U.S. initial jobless claims rose above expectations, climbing to 242,000 — highest since October — versus a forecast of 221,000. While this increase suggests minor labor market cooling, analysts see it as part of normal fluctuations rather than a significant shift. Upcoming CPI data will be pivotal in shaping inflation expectations and Federal Reserve policy direction. Recent tariff adjustments on Chinese imports have introduced new variables into the global economic landscape. While short-term volatility has increased, long-term market participants remain focused on structural trends, such as digital asset adoption and institutional entry into crypto markets. Investors are watching these developments closely for potential opportunities. Institutional & Regulatory Developments Regulatory momentum appears to be shifting as multiple legal cases against crypto firms have been dropped in the past week. The SEC’s decision to end its case against Coinbase, along with other regulatory reversals against crypto companies, signals a more constructive dialogue might be in sight between regulators and the crypto industry. Looking Ahead Bitcoin’s ability to reclaim $80,500 will be closely monitored as a potential catalyst for market stabilization. If BTC holds above key support levels, investor confidence is expected to strengthen further. Meanwhile, Ethereum’s positioning within the DeFi landscape and institutional adoption will remain central to its trajectory. Overall, market participants are navigating this phase with a focus on long-term opportunities. Institutional engagement, regulatory clarity, and macroeconomic indicators will continue to shape digital asset trends. Traders should remain attentive to upcoming policy shifts and economic data releases, which could provide additional insights into market direction. Stella Zlatareva, Nexo Dispatch editor

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Nexo and Sphere Join Forces to Advance Cross-Border Business Payments Nexo is partnering with Sphere to redefine cross-border business payments, bringing faster, cost-efficient solutions to businesses in high-inflation markets. Together, we're working on a near-instant settlement solution – cutting out delays and inefficiencies. Here’s what’s coming: ▪️ Faster settlement times – from days to hours ▪️ Cost-efficient, transparent payments ▪️ Stable currency conversion With Latin America experiencing a 116% surge in crypto adoption due to high inflation and limited banking access, this partnership combines Nexo's digital asset expertise with Sphere's infrastructure, allowing businesses to move money globally without the usual headaches. This is just the beginning. We’re rolling out blockchain-powered solutions in key markets, reducing reliance on intermediaries, and unlocking the future of international finance. Learn more: Nexo and Sphere join forces to advance cross-border business payments

Daily Market Dispatch – Feb 27, 2025 For informational purposes only; not financial or investment advice. Market Overview In the last 24 hours, the market was as “Under Pressure” as Queen and David Bowie’s 1981 classic. Bitcoin (BTC) is trading at approximately $86,200, reflecting a 2.28% decrease over the past 24 hours. For now, despite the market’s short-term shift, investors are showing a certain resilience, holding firm above the $82,000 level for Bitcoin as last night’s trading indicated. Key drivers of the current dynamics include BTC ETF outflows, upcoming options expirations, upcoming PCE inflation data, and NVIDIA’s Q4 earnings report. On the altcoin front, market movers of interest today include: LTC, SOL, and APT. Bitcoin Presently BTC is holding fast, the real key threshold to watch is the $80,000 support level. Tuesday’s $1.1 billion in outflows from Bitcoin ETFs continued the asset’s deacceleration from just beneath $90,000 yesterday, to toe the line at $82,000 before promptly bouncing back. This small ricochet signals investors are not quite ready to let go of bullish hopes just yet, perhaps reflecting Bitcoin’s bigger picture – namely that it is up 46% in the last six months. However, open interest for put options at a $70,000 strike price is the second highest among all contracts expiring on February 28 (tomorrow), indicating some traders are positioning for potential downside. A total of $4.9 billion in options contracts are set to expire on Friday, which could lead to heightened volatility and further price pressure. Altcoins While Ethereum slid along with BTC to $2,300, certain activity in the altcoin realm shows promise. An old classic, Litecoin (LTC) surged over 9% to $127.85, following the announcement of its own domain extension, ".ltc," in collaboration with Unstoppable Domains. Solana (SOL), while overall down on its luck these days, traded at $140.40, with the DTCC listing the first set of Solana futures ETFs, fueling optimism for potential spot fund approvals. Finally, Bitwise registered an Aptos ETF entity in Delaware, leading to Aptos (APT)’s 7.42% increase, indicating growing institutional interest in the altcoin sector, even amid less favorable market conditions. Macro U.S. lawmakers have delayed the timeline for comprehensive crypto legislation, introducing indecision into the market and potentially affecting institutional participation throughout this BTC dip. Meanwhile, Nvidia delivered a blowout earnings report, with Q4 revenue surging 78% and full-year revenue climbing 114% to $130.5 billion, reinforcing bullish sentiment in risk assets ahead of Friday’s core PCE inflation data, which could further sway market direction. Gold, on the other hand, slipped under pressure from a stronger U.S. dollar and rising Treasury yields, as investors awaited the inflation print to gauge the Fed’s next steps. Looking Ahead With $4.9 billion in Bitcoin options set to expire on Friday and core PCE inflation data on deck, market movement could ramp up. Other forces to watch include Nvidia’s earnings-fueled momentum, BTC’s support levels, and U.S. tariff policy shifts. Iliya Kalchev, Nexo Dispatch Analyst

Daily Market Dispatch – Feb 26, 2025 For informational purposes only; not financial or investment advice. Overview After Tuesday’s broad-based rebalancing, the market is showing signs of stabilization. Bitcoin remains steady just below $89,000, with on-chain data indicating that short-term holders transferred roughly 43,600 BTC to exchanges – suggesting that a key support level may have been reached. Ether is also on an upward trajectory toward $2,500. These asset movements come amid notable ETF outflows and a shift in macroeconomic factors, including a significant drop in U.S. consumer confidence and a strengthening yen, which are reshaping market dynamics. Regulatory, Macro & Broader Asset Landscape Recent economic signals point to a potential shift toward a more accommodative monetary policy. A pronounced decline in U.S. consumer confidence – the steepest since August 2021 – coupled with a stronger yen, has driven investors toward traditional assets, like gold, which stabilized near $2,920 per ounce on Wednesday despite a brief dip to a one-week low. Prediction markets are now reflecting a 30% chance of a rate cut in May, with the possibility of an additional cut by June increasing in probability. These macroeconomic developments provide the context for the ongoing market recalibration. Beyond Bitcoin’s stabilization, the wider crypto ecosystem presents a varied landscape. Ether’s movement toward the $2,500 mark sets part of the tone, XRP recorded a modest gain of around 3%, and both BNB and SOL experienced increases of approximately 5%. Additionally, Dogecoin and Cardano posted incremental improvements of about 1.2%. Institutional Signals Institutional investors continue to play a pivotal role. U.S. spot Bitcoin ETFs experienced nearly $1 billion in outflows on Tuesday – the largest daily movement since their launch – highlighting a strategic repositioning among major players. This behavior, along with observed on-chain shifts, suggests that institutional investors are carefully recalibrating their exposure in response to the evolving market conditions. Looking Ahead Several developments are poised to influence market sentiment. Record earnings from Nvidia are highly anticipated and could bolster the overall outlook, while forthcoming U.S. home sales data on Wednesday may provide further clarity on the economic trajectory and the prospects for a soft landing by the Federal Reserve. As these factors evolve, market participants will remain focused on the interplay between asset performance, macroeconomic trends, ETF flows, and institutional strategies in guiding the near-term market course. Iliya Kalchev, Nexo Dispatch analyst

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Daily Market Dispatch – Feb 25, 2025 For informational purposes only; not financial or investment advice. Overview Bitcoin is recalibrating below $90,000, breaking its recent range, and returning to mid-November levels. Post-election momentum has cooled amid President Trump’s tariff moves and concerns about inflation, with ETF outflows and cautious sentiment pushing the Fear & Greed Index down to 25, its lowest since September. Despite declines in altcoins like Ether and Solana, institutional support remains strong – Tokyo-listed Metaplanet added $13 million in Bitcoin as part of its long-term goal to accumulate 10,000 BTC by 2025. These factors signal a temporary shift in sentiment while hinting at emerging opportunities. Regulatory, Macro & Broader Asset Landscape Broader market conditions reflect global economic uncertainties. Bank of America research projects U.S. CPI inflation could trend toward 4.6% year-over-year, potentially more than double the Fed’s 2% target. Even if monthly inflation eases to 0.3%, year-over-year it may still hover near 3.8%. These figures underscore persistent macro pressures and hint at possible shifts in central bank policies. In the options market, traders unwound some short-term positions as BTC broke lower, causing one-month implied volatility to bounce back near 50%. The overall bias (skew) remains largely unchanged, suggesting that option participants have not significantly shifted their directional outlook. Meanwhile, traditional markets – including equities, fixed income, and gold – appear to have absorbed recent macro data with minimal disruption, while BTC stays relatively subdued as its dominance rises and altcoin prices soften. This may indicate that altcoin bulls may already be fully positioned, with any fresh inflows favoring Bitcoin over smaller caps. While some altcoins, including Solana, Dogecoin, and XRP, have seen sharper moves, supportive central bank actions to curb inflation could revive risk appetite, and news about blockchain advances – such as positive results from the next test of Ethereum’s Pectra upgrade – could signal the potential for network improvements. Institutional Signals In Japan, Metaplanet’s ongoing Bitcoin accumulation underscores a belief in crypto’s resilience. The firm’s latest purchase of 135 BTC at an average price of nearly $96,000 per coin suggests continued institutional confidence, even as the market navigates short-term adjustments. However, over in the U.S., more than $516 million fled BTC ETF products yesterday alone, making it a fifth consecutive day of net outflows, and reflecting a period of adjustment. Adding further nuance are speculations that the U.S. administration will adopt an overly protective stance toward domestic token issuers and infrastructure providers, especially in light of the SEC’s favorable actions towards local crypto companies. Looking Ahead We anticipate a period of consolidation as inflation and trade policies evolve. If inflationary conditions intensify, Bitcoin could act as a blend of a risk asset and a store of value, potentially supporting its performance relative to equities. Despite the current recalibration, the crypto market’s overall growth trajectory remains intact. Going forward, the extended consolidation period – while distinct from prior cycles – may simply reflect a more measured pace of adoption and macro-driven influences. Stella Zlatareva, Nexo Dispatch editor

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Daily Market Dispatch – Feb 24, 2025 For informational purposes only; not financial or investment advice. Overview Last week marked another pivotal moment in crypto’s history—one of those weeks that tested the industry’s grit and reinforced its resilience. From FTX beginning the long-awaited distribution of up to $7 billion on Feb 18 to Bybit’s swift recovery from the biggest heist, the industry demonstrated its maturity in real time. Short-term market markers and implied volatility barely shifted — further evidence that the market is evolving beyond impulsive turbulence. The total market capitalization holds steady above $3.1 trillion despite macroeconomic headwinds and regulatory shifts, underscoring investors' adaptability in navigating the sector’s ever-evolving landscape. Bitcoin Bitcoin is trading at $95,675, down 0.8%, as it hovers near the $95,000 support level. Implied volatility remains near historic lows, often a precursor to major price swings. Institutional interest continues to be a key driver, reinforced by MicroStrategy's recent acquisition of 20,356 BTC at an average price of $97,514. Friday’s Core PCE data may provide the next major catalyst for Bitcoin’s price movement. Ethereum & Altcoins Bybit’s ability to secure an emergency bridge loan and withstand over $6 billion in withdrawals following the largest crypto heist to date is a testament not just to its own stability but to the broader liquidity and confidence underpinning the industry. Ethereum’s Relative Strength Index (RSI) is climbing out of the oversold zone (0-30), signaling potential bullish momentum. Currently trading around $2,709, ETH is down 3.9%. Despite concerns over sudden sell pressure, crypto markets have proven their resilience, continuously adapting and strengthening over time. Ethena, backed by Franklin Templeton and F-Prime Capital, raised $100 million for network expansion and institutional product iUSDe. Its USDe stablecoin is now the fourth-largest, with a $5.9 billion circulating supply. Regulatory & Macroeconomic Landscape A series of SEC’ actions – its probe into Robinhood Crypto without enforcement, dismissing Coinbase’s lawsuit dismissal, and its review of two spot XRP ETF filings – from 21Shares and Bitwise have boosted market confidence, driving investor participation and institutional interest. Markets now focus on U.S. inflation data as the Core PCE Price Index — the Fed’s preferred gauge — is set for release on Friday. A higher-than-expected reading could reinforce expectations of prolonged monetary tightening, challenging Bitcoin and market-driven assets. Secondary indicators like Consumer Confidence and Q4 GDP offer additional context but are unlikely to shift sentiment unless they significantly diverge from expectations. In the tech world, all eyes are on NVIDIA’s Feb 26 earnings, with a potential ±9% stock move. Investors focus on revenue growth, AI chip demand, and competition from AMD and Intel. A strong report could lift tech and crypto sentiment, while weak guidance may spur caution. Institutional interest in AI adoption may also influence digital assets. Gold is up 0.3% as a weaker dollar and inflation worries drive demand, while calls for a fresh audit of Fort Knox’s gold reserves are gaining attention amid transparency concerns. Looking Ahead As macroeconomic and regulatory narratives evolve, investor focus remains on inflation data, institutional inflows, and broader sentiment shifts. Bybit’s recovery, Coinbase’s legal win, and progress on spot XRP ETFs demonstrate the crypto market’s adaptability. However, ongoing macroeconomic headwinds keep investors cautious ahead of the Core PCE report, which could influence short-term market direction. NVIDIA’s earnings may also set the tone for investor sentiment across sectors. With Bitcoin’s volatility compression signaling a potential breakout, the coming days could prove pivotal for both crypto and traditional markets. Iliya Kalchev, Nexo Dispatch Analyst

A vibrant week lies ahead, starting with Eurozone inflation data, key U.S. economic indicators, and a highly anticipated earnings report from Nvidia. 🇪🇺 Eurozone Consumer Price Index YoY & MoM – February 24, 10:00 UTC 🇺🇸 U.S. CB Consumer Confidence – February 25, 15:00 🇺🇸 Nvidia Earnings (Q4 2024) – February 26, after market close 🇺🇸 U.S. Initial Jobless Claims – February 27, 15:00 🇺🇸 U.S. Federal Open Market Committee Member Speech – February 27, 16:45 🇺🇸 U.S. Core PCE Price Index YoY & MoM – February 28, 13:30 UTC 🇺🇸 U.S. Chicago Purchasing Managers Index (PMI) – February 28, 14:45 UTC

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