Nexo reported that bitcoin rose 42.7% in the third quarter, from $58,544 to $83,570, ending three straight quarters of losses. Ethereum gained 70.9%, while Solana rose about 60%. Nexo attributed the broader recovery mainly to a U.S. Treasury announcement that it would double purchases of long-dated bonds; the excerpt does not say the purchases were completed.
Nexo said further gains in the fourth quarter were not guaranteed. It projected that stable or easier Federal Reserve policy could support gains, while persistent inflation or tighter policy could bring volatility or losses; its outlook also pointed to ETF flows as a factor.
