Nexo Report: Bitcoin and Ethereum are expected to grow in 2025, while Solana's trajectory remains uncertain

Nexo’s latest Dispatch report discusses Bitcoin’s breakout above $100,000, Ethereum’s traction, and Solana’s potential resistance at the start of 2025 amid a surge in market activity. Analysts believe Bitcoin’s $100,000 could become a key support zone, further reinforced by $2 billion inflows into spot ETFs in early January. Historical trends suggest Bitcoin could see further gains in January, having previously seen gains of 20-30% during this period. The report also notes that institutional investors such as MicroStrategy will continue to accumulate Bitcoin. Ethereum is also poised for growth, the report states, supported by a growing number of long-term holders, now accounting for over 75% of investors, and strong inflows into spot ETFs. These trends, combined with high leverage in the futures market, bode well for optimism about the asset in 2025. However, Solana’s trajectory remains uncertain, and despite technical indicators showing bullish momentum, a sell-off could be in the cards. Meanwhile, the broader cryptocurrency market faces volatility as billions of dollars in tokens are unlocked this month, with daily releases from assets such as Solana and Dogecoin (DOGE) expected to influence short-term price action. The report highlights some macroeconomic factors such as U.S. labor market statistics as important factors affecting demand for cryptocurrencies, especially Bitcoin.