Daily Market Dispatch – May 16, 2025 Overview The crypto market remained resilient on Friday, with Bitcoin holding above $103,000 despite mild volatility and a broader market pullback. Institutional activity continues to shape the market narrative, led by BlackRock’s $409.7 million Bitcoin acquisition and a comparable $408 million move from Abu Dhabi’s Mubadala via IBIT. Ethereum remains firm above $2,600, supported by recent network upgrades and growing institutional engagement. Macro sentiment is mixed ahead of today’s U.S. economic data, with the Consumer Sentiment Index and April housing starts and permits due. These figures will help shape expectations for monetary policy, while the structural backdrop for digital assets continues to strengthen. Bitcoin Bitcoin traded around $103,790 at the close of the European session, up over 1% in the past 24 hours and maintaining its position above the $100,000 mark. Price action was driven by notable whale accumulation and renewed institutional inflows, including a combined $818 million investment by BlackRock and Mubadala. This wave of capital pushed BTC to an intraday high of $104,305. ETF activity reflected this trend, with May 15 showing $114.9 million in net inflows and a 12% volume spike on Binance. BTC’s dominance slipped to 62%, suggesting capital rotation into other segments of the market. Ethereum & Altcoins Ethereum is trading around $2,574, continuing to benefit from the successful rollout of the Pectra upgrade, which enhanced staking mechanics and interoperability with L2s. Institutional interest is also picking up, fueling optimism that ETH may approach the $3,000 mark in the near term. Altcoins are experiencing mixed performance. XRP and Solana dropped up to 5%, while AI-related tokens have shown gains, reflecting growing interest in AI-integrated blockchain solutions. Bitcoin and stablecoin dominance have edged lower, indicating a possible early shift in market interest toward altcoins. Macro and Institutional Factors U.S. economic indicators due later today — consumer sentiment, housing starts, and building permits — will clarify household confidence and housing demand. Sentiment figures may reveal pressure from inflation and rates. Wednesday’s PPI confirmed cooling inflation, but the Fed remains noncommittal on rate cuts. Institutional engagement is intensifying across global markets. BlackRock acquired $409.7 million in BTC today, one of its largest single-day purchases to date. Mubadala mirrored this move with a $408 million investment via BlackRock’s IBIT, highlighting the strategic pivot of sovereign funds toward digital assets. Additionally, Swedish asset manager Virtune AB launched a low-fee, physically backed Bitcoin ETP on Nasdaq Stockholm, expanding access for European institutions. Regulatory momentum continues to build in the U.S., where lawmakers are accelerating work on the GENIUS Act—intended to establish a national framework for stablecoins. Stablecoins now represent a $246 billion market and are increasingly seen as financial infrastructure supporting dollar stability, cross-border payments, and market liquidity. Looking Ahead Today’s U.S. macro releases will provide the next cue for markets, particularly around consumer and housing sentiment. Investors are also watching the May 19 inclusion of Coinbase into the S&P 500, a symbolic milestone that could strengthen even more the perception of crypto as a mainstream asset class. The crypto sector appears to be digesting short-term risks constructively, buoyed by deep-pocketed institutional flows, improving infrastructure, and clearer regulatory signals. Market structure remains intact, with elevated open interest and steady accumulation pointing to underlying strength. Crypto markets are now entering a critical window where policy clarity and capital flows will shape direction into June. Iliya Kalchev, Nexo Dispatch Analyst For informational purposes only, not financial advice.

eCashOfficial on Twitter: The Tinian government in the Northern Mariana Islands is set to launch $MUSD on the eCash $XEC network! This will be the first-ever USD stablecoin issued by a US public entity. 💸https://t.co/huhI9KBjvm

twitter.com

eCashOfficial on Twitter: The Tinian government in the Northern Marianas Islands is set to launch $MUSD on the eCash $XEC network! This will be the first-ever USD stablecoin issued by a US public entity. 💸https://t.co/huhI9KBjvm

twitter.com

eCashOfficial on Twitter: 📢 Historic first: The Tinian government in the Northern Marina Islands 🇲🇵 will become the first-ever U.S. public entity to issue a USD-backed stablecoin — launching it on the eCash network! 💸Chosen for its low fees, scalability, and gasless token design, eCash is powering

t.co

t.co

twitter.com

MORPHO now available on Target Price Orders in the Crypto.com App! 🤖 Automate orders at your preferred price 😎 Without monitoring the market 📱 $MORPHO Check it out now 👉

crypto.onelink.me

➕ Growing list of over 330 supported tokens Set your Target Price Orders now 👉

crypto.onelink.me