Bybit, the world's second-largest crypto exchange by volume, has launched a trading competition called "BTC vs Gold: Pick, Trade and Share 150,000 USDT" running until May 15. Traders choose between Bitcoin or tokenized gold assets (XAUT, XAU, PAXG) and trade eligible pairs to earn tickets for their team. The prize pool of 150,000 USDT is split 60-40 between the winning and losing teams, with winners sharing 90,000 USDT and losers 60,000 USDT. The event aims to boost engagement and promote trading of both crypto and tokenized real-world assets, excluding participants from the European Economic Area due to regulatory reasons.
Bitcoin is trading just above the $75,000 support level after failing to break $78,000, staying below the $76,000 mark that would signal a new bull market according to analyst Tom Lee. Ether also faces resistance near $2,150 and is retreating toward ...
Over the past 12 months, Bitcoin has underperformed the S&P 500 by roughly 56%, declining 30.35% while the S&P 500 rose nearly 27%. Despite renewed optimism for cryptocurrencies and bullish price targets from major financial institutions predicting B...
Bitcoin's market value has dropped to 13th place globally, falling about 11% this year and nearly 30% over the past year. Meanwhile, precious metals like gold and silver have surged, with gold reaching a record $5,600 per ounce earlier this year. Sem...
On May 26, US spot Bitcoin ETFs experienced a significant outflow of $334 million, equivalent to about 4,400 BTC, continuing a trend of heavy redemptions in mid-to-late May. Ethereum spot ETFs also faced a $35 million net outflow, marking over 10 con...
The crypto market continued its decline with total capitalization dropping 1.5% to $2.53 trillion and Bitcoin falling nearly 3% to around $75,000. This selloff is driven by macroeconomic uncertainty, significant outflows from Bitcoin and Ethereum ETF...
