Join our founders at Town hall on Trac(k)! ⭐️ Ecosystem growth with familiar faces ⭐️ Post-Metcalfe Convergence outlook ⭐️ V8 updates ⭐️ DKGcon in NY Ask co-hosts Bob 2.0 & Amos Thomas to pass the 🎙 for your questions! 📅 Tomorrow, April 30 | ⏰ 15:00 CEST Join here:

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Join our founders at Town hall on Trac(k)! ⭐️ Ecosystem growth with familiar faces ⭐️ Post-Metcalfe Convergence outlook ⭐️ V8 updates ⭐️ DKGcon in NY Ask co-hosts Bob 2.0 & Amos Thomas to pass the 🎙 for your questions! 📅 Tomorrow, April 30 | ⏰ 15:00 CEST Join here:

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Daily Market Dispatch – April 29, 2025 Overview Markets opened higher on Tuesday as investors entered a key stretch of earnings and economic data, with fresh signals on tariffs, inflation, and employment set to test sentiment. U.S. President Trump is reportedly preparing to ease aspects of his automotive tariff plan, contributing to a modest dip in gold and helping stabilize equities. Meanwhile, Bitcoin remains firm around $95,000 as ETF inflows and policy shifts continue to draw institutional participation. With volatility simmering just below the surface, this week’s catalysts could dictate whether recent momentum in both crypto and equities evolves into something more durable. Bitcoin Bitcoin hovered around $94,800 in early trading, continuing to consolidate after last week’s strong rebound. The price remains within striking distance of the $95,000 mark — a level that, if cleared decisively, could pave the way for a broader move toward $100,000. Spot Bitcoin ETFs extended their inflow streak to seven days, adding another $591 million on Monday, pushing cumulative weekly inflows near $3.6 billion – the highest since last November. With regulatory tone softening and dollar weakness persisting, capital rotation into Bitcoin appears poised to continue. Ethereum & Altcoins Altcoins traded mostly sideways, mirroring Bitcoin’s consolidation phase. Ethereum (ETH) edged down 0.1% to $1,793, while XRP held near $2.27. Cardano (ADA) and Solana (SOL) both slipped around 1–2%. While momentum remains centered on Bitcoin for now, traders are closely watching for spillover into major altcoins should market confidence deepen. ETF inflows into Ether have picked up modestly, now riding a three-day streak, though volumes remain light. Structural improvements – such as Ethereum's scaling roadmap – continue to build a foundation, but near-term direction will likely depend on macro clarity and broader risk sentiment. Macro & Institutional Equity futures edged higher as investors positioned ahead of high-impact earnings and macro data. The Dow rose 0.3% in early trading, while the S&P 500 and Nasdaq added 0.2%. On the policy front, Trump is expected to announce partial relief on auto tariffs, including relaxed duties on imported parts and reimbursement mechanisms for past levies. Treasury officials continue to signal engagement with trade partners, though conflicting signals from Beijing suggest the path forward remains complex. Gold inched lower on easing tariff risks, while Bitcoin continues to attract flows as a high-conviction hedge amid shifting currency dynamics and regulatory recalibration. New legislative developments – such as state-level proposals in Arizona to allocate public funds to Bitcoin – are also signaling broader acceptance of digital assets as institutional-grade holdings. Looking Ahead Markets face a crucial few days. Tuesday’s JOLTS job openings and Consumer Confidence data will offer early signals on labor demand and sentiment. Wednesday brings the first reading of USA’s Q1 GDP, expected to show a marked slowdown to 0.4%. Thursday’s PCE inflation report – the Fed’s preferred gauge – could reshape expectations around policy easing. Earnings from Microsoft and Meta (Wednesday), and Apple and Amazon (Thursday), will help clarify whether megacap strength can extend the recent rally – or if earnings fatigue is setting in. Together, these releases could dictate whether equities and crypto markets break out of consolidation or revert to caution. In addition, President Trump is expected to deliver a speech this evening reviewing his administration’s first 100 days – a potential moment for new policy announcements or tone-setting remarks that could sway market sentiment. For Bitcoin and Ethereum, strong macro and earnings data may provide the green light for another leg higher. The ingredients for a breakout are in place – the market is now waiting for a trigger. — Iliya Kalchev, Nexo Dispatch analyst For informational purposes only; not financial or investment advice.