Cryptocurrency trading platform, ByBit has inked a 3 year esports sponsorship deal with both Swedish esports organization Alliance and Danish firm, Astrallis in its drive towards global awareness. The deal, which models similar moves by FTX derivatives exchange is a testament to the growing tilt by major crypto brokerages to the importance of esports. Both
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Bybit, one of the most popular exchanges for cryptocurrency lovers, has announced a multi-year partnership with esports team NAVI (“Natus Vincere”) today, scaling up synergy between two fastest growing industries that can only go up.
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It was probably a friend, a friend of a friend, or maybe Uncle Bob, who first bragged to you about how much profit he clocked from the Bitcoin (BTC) boom when prices hit an all-time high of $64,800 in April this year.
The post Cryptocurrency Trading: All You Need to Start Trading Today appeared first on BeInCrypto.
The summer games of cryptocurrency trading are back. The 2021 edition of cryptocurrency exchange Bybit’s World Series of Trading (WSOT), is set to open for registration on August 18, it promises to be the world’s largest cryptocurrency trading tournament yet again.
The post Bybit Brings Annual Trading Competition With $7.5M Prize appeared first on BeInCrypto.
After what seems like a thousand years of stability and a slight downtrend, bitcoin is back. Volatility is wreaking havoc. Trading volume seems to be picking up steam. And, more importantly, the community’s morale is climbing up. In any case, what do the data and the on-chain analysis say? Are the numbers high enough to justify the excitement? Let’s explore them. BTC price chart for 07/27/2021 on Bitstamp | Source: BTC/USD on TradingView.com Trading Volume Is Climbing, But, Is It A Trend? According to Arcane Research, “On Monday, the daily trading volume in bitcoin reached $9.2 billion, which is the highest daily trading volume in bitcoin recorded since June 22nd.” That could be a good sign of a healthy market making a recovery, but hold your horses. The market had been stagnant for a while, and not only that, before the spike we had “Four consecutive days bellow $3 billion.” Related Reading | Bitcoin Trading Volume Plunges To Lowest Level Since 2020 Even though $9.2M is a promising number, take into account that “Overall, the 7-day average trading volume remains substantially below its yearly average and trading activity in bitcoin seems to be low so far this summer.” From where we stand, there’s no way of knowing if the market is picking up or if we are witnessing a statistic anomaly. We’ll have to wait and see. BTC Daily Volume is rising | Source: Arcane Research Volatility Is Back In Action, But, Is It Here To Stay? Even though traditional finance is afraid of it, the Bitcoin community thrives on volatility. And, again according to Arcane Research, “Yesterday, the markets moved towards the upside, leading the 7-day volatility to climb above the 30-day volatility.” So, volatility is back, but, are we off to the races? Don’t be so sure. “Last summer, a similar event occurred when bitcoin was consolidating throughout the summer on declining volatility, before seeing a sudden 11% gain on July 27th, 2020. Then, the market corrected back toward the lower end of the consolidation range quickly thereafter and remained within its consolidation range throughout the summer.” Are we in the same cycle, though? So far, 2021 has been insane for Bitcoin. All the predictions fell through. All the models seem to be failing. And there’s hope. The bull run might be over, but it also might not. And if we are still in the bull run, there’s no point comparing the situation to last summer. We might be in a whole different ball game. BTC/ USD Volatility is wreaking havoc | Source: Arcane Research The Short Squeeze That Generated This Everything happened “On Monday, $750 million worth of shorts got liquidated, as bitcoin climbed from $34000 to $39500. This is the largest short squeeze we’ve recorded in bitcoin, surpassing the squeeze amid bitcoin breaking its 2017 ATH on December 16th-17th.” That catastrophic event shifted Bitcoin’s tectonic plates and put volatility, trading volume, and everything in motion. How long will it last, though? That’s the question. Related Reading | $150 Million In Short Squeeze Liquidated As Bitcoin Scales Above $53,000 About the short squeeze is worth noting that “Binance changed their API following the May 19th crash,” so the numbers might not be precise. In fact, according to Arcane Research, the situation might’ve been “severely underestimated by Bybt. This short squeeze was, therefore, very likely far larger than $750 million.” Featured Image by Steve Buissinne from Pixabay – Charts by TradingViewRead More
Jul 15, 2021 | Altcoin News, Bitcoin News, Blockchain News, BTCUSDT, bybit, Bybit derivative, Crypto News, News, XRPAUD, XRPBNB, XRPBRL, XRPBTC, XRPCAD, XRPETH, XRPEUR, XRPGBP, XRPKRW, XRPMXN, XRPNGN, XRPPAX, XRPRUB, XRPTRX, XRPTRY, XRPTUSD, xrpusd, XRPUSDC, XRPUSDT
ByBit, a derivatives-only cryptocurrency trading platform is entering the spot crypto market. The new spot exchange services would support BTCUSDT, ETHUSDT, XRPUSDT, and EOSUSDT trading pairs to begin with, with the biggest surprise being XRP. The expansion has occurred as the result of a series of regulatory actions against the organization. Bybit’s derivatives business has
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The Bybit cryptocurrency exchange is ramping up its know-your-customer (KYC) procedures with new requirements rolling out next week.
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BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
The post What Changed in Crypto Markets While You Were Sleeping — June 22 appeared first on BeInCrypto.
On May 4, crypto derivative exchange Bybit launched a new service – an Etereum cloud miner. The company says this new Ethereum cloud mining service could be your best shot to mine ETH with minimal investments and earn sizable profits. The relatively low entry price of $100 and flexible 7-, 21-, and 42-day plans have subsequently grabbed the attention of many existing and would-be cloud miners.
The post Ethereum Cloud Mining With Bybit – Is it Worth it? appeared first on BeInCrypto.
Crypto derivatives exchange Bybit Fintech Limited has been officially warned by the FSA for running its operation without proper registration.
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Derivative exchanges registered a massive outflow of $1.69 billion in stablecoin in a rare occurrence. A net outflow of such high magnitude is often seen as a bearish signal as analysts believe traders relocate their stablecoins in anticipation of a possible market correction. Traders often go for high leverage trade during bull runs and data
The post Derivative Exchanges See $1.69B Stablecoin Outflow, Are Whales Moving to OTC Desks? appeared first on Coingape.
May 31, 2021 | Binance, Bitmart, bybit, China Bitcoin Miners, China Bitcoin Mining Crackdown, China crypto crackdown, China OTC Trading, Crypto News, Crypto OTC Deals, Huobi, News, OKEx, Regulation News
China’s recent crackdown on crypto miners and traders has forced local crypto firms to withdraw their operations partially. In the latest development, Chinese journalist Wu Blockchain reports that owning to the regulatory changes, BitMart has decided to suspend contract trading services for all its users. All the previous transactions can be closed, however, no new
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Yesterday’s Twitter feud between business tycoon Elon Musk and the crypto community had far-reaching consequences that went beyond the constant verbal sparring on the popular social media site. For the crypto market, it was a disaster. Liquidation Galore In The Crypto Market According to data from ByBit, a total of $2.4 billion worth of longs […]Read More
Bybit, one of the world’s most influential crypto derivatives exchanges, has announced the grand opening of their cloud mining services. As part of the expansion of its narrow and focused product suite, Bybit Cloud Mining offers a chance for ordinary crypto enthusiasts to mine ether (ETH) without having to purchase and operate specialized mining hardware.
The post Bybit Launches Cloud Mining Service, Now Anyone Can Mine ETH from $100 appeared first on Coingape.
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