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Bitcoin Showing Resilience. Here’s Why
Bitcoin is showing real resilience right now. As of early Tuesday morning, the asset is trading near $71K, which is 8% higher than this past weekend’s dip to $65K in the midst of the escalating conflict in Iran. But why exactly is Bitcoin holding firm amid so much geopolitical uncertainty?
We think there are few key factors are at play:  • Strong ETF Inflows: US spot Bitcoin ETFs saw $568M in net inflows last week, pushing cumulative net inflows to $55.5B. Thus, it appears that institutions and retail IBIT players are providing a solid floor.
• Strategy's Aggressive Purchases: Saylor’s Strategy added 17,994 BTC last week for $1.28B (average cost $70.9K per coin). The company now holds 738K BTC. This ongoing accumulation, funded via common stock and preferred shares (i.e. MSTR and STRC sales), signals unrelenting conviction from a massive corporate entity.
• 20M Bitcoin Mined: Bitcoin's mined supply crossed 20M this week, meaning only 5% of Bitcoin’s remaining supply will be released gradually over the next 114 years.
• Geopolitical Test Passed: The Iran conflict didn't trigger the usual sharp sell-off in Bitcoin, and the asset failed to make a lower low when the conflict started. This indicates seller exhaustion and growing confidence that the bottom may be in.
These tailwinds are outweighing the geopolitical uncertainty coming out of the Middle East. Bitcoin can go lower, but the resilience we’ve been seeing is an indication that the asset’s macro foundation remains intact.
Nvidia Announces NemoClaw & AI Tokens Move Higher
Per a Wired report released yesterday, Nvidia is planning to launch “NemoClaw” at the company’s developer conference on March 17th. NemoClaw is an open-source platform for autonomous AI agents that enables enterprises to deploy multi-step working agents with enhanced security and privacy features.
Potential partners for NemoClaw are companies like Salesforce, Cisco, Google, Adobe, and CrowdStrike. And NemoClaw expands Nvidia's ecosystem beyond hardware, amidst rising demand for agentic AI that can reason and act somewhat independently.  And interestingly, AI tokens rallied on the news. The AI crypto sub-sector gained 4.8% overall, with projects like Bittensor (TAO), NEAR Protocol, and Internet Computer (ICP) catching the biggest gains.
And the market’s reaction from the news makes sense. Nvidia's embrace of open-source AI agents confirms the shift from LLMs to task-oriented systems. This shift naturally boosts sentiment for other decentralized AI projects that offer similar products, hence the reason the token prices moved
US CPI Report Drops Tomorrow
The US CPI report for February releases tomorrow, March 11th at 8:30 a.m. ET. This key inflation print influences Fed rate-cut odds, which in turn influences the value of the dollar and risk assets in general, including Bitcoin.
The consensus right now says headline CPI will hold steady at 2.4% YoY with core CPI (i.e. excluding food & energy) to remain flat at 2.5% YoY. Monthly gains around 0.2–0.3% are forecasted for both with some analysts thinking that we might see some cooling from falling housing and rent prices.
For our risk assets like Bitcoin, altcoins, and tech stocks, here’s the play: • Lower than Expected: Boosts Fed-cut odds, meaning the dollar weakens and risk-on flows surge.
• At Expectations: No change in odds, so no major price changes in the dollar or risk assets.
• Higher than Expected: Lowers Fed-cut odds, meaning the dollar strengthens and money flows away from risk assets.
One final note to keep in mind: tomorrow's CPI numbers will have less relevance than usual, because this data precedes the Iran conflict. Given the conflict is inflationary in nature (i.e. higher oil prices means everything costs more), expect tomorrow’s report to be over-shadowed by current events.
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