Cryptocurrency

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, renews its commitment to merchant benefits in Kenya, South Africa, and Ethiopia in a move to boost activities on the Bybit P2P platform. Commitment RewardsAn evergreen part of Bybit P2P, the long-running Bybit P2P Hiring Program rewards consistency and long-term support, offering an opportunity to earn up to 200 USDT every week. Advertisers who qualify as a long-term merchant may sign up for the program. Successful applicants will get to enjoy exclusive benefits:Bybit P2P also indicated further expansion of the weekly Top 3 Advertiser program in the coming year, with more fiat currencies to be included. The heated race comes with rewards for the top three performers each week, ranked by number of orders and by trading volume. Winners of both categories can take home up to 350 USDT each week.With its advanced infrastructure, systematic KYC and KYB verifications and protection, and robust digital asset management protocols, Bybit P2P has made strides as it approaches its third anniversary. Users can find out more about the events and eligibility at Bybit P2P.#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: [email protected] more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony [email protected] article was originally published on Chainwire More

But the story does not end there. What may sound like an unremarkable tale of bad timing has taken an unexpected turn over the years. Bitcoin’s staggering rise – over 35,800% since those early days – would turn even modest investments into life-changing sums. It is hard to ignore the math: an investment of less than $3,000 back then could mean millions today. As for Zhao, his “diamond hands” resilience has been richly rewarded, with various estimates calculating his net worth at more than $60 billion.Zhao’s thoughts come at a time when the cryptocurrency market is feeling pretty intense. Just recently, $1.7 billion in derivative positions have been liquidated. But CZ’s message is not one of bragging. Instead, it is a quiet nod to luck, timing and what you can learn from it, and a subtle warning to others.”I do not recommend my strategy,” seems to be the bottom line of his reveal. Zhao’s strategy was profitable, but the circumstances that made it work are unlikely to be repeated. It is a nuanced takeaway: his success was not about perfect execution but rather about sticking with it.The larger lesson? Investment strategies need to be personal, adaptive and mindful of market realities. However, Bitcoin’s (BTC) history shows more holding and sitting on your hands, rather than actively doing anything.This article was originally published on U.Today More

Bitcoin historian Pete Rizzo shared this fascinating tidbit of history as a fun fact on X, saying: “15 years ago today, you could buy 15 Bitcoin for 1 cent.”In late 2009, Bitcoin was still in its infancy. Launched by the mysterious Satoshi Nakamoto in January of that year, Bitcoin was a novel concept known only to a small number of enthusiasts and cryptographers. Bitcoin’s price never reached $1 in 2009 or 2010. Its highest price in 2010 was $0.39.In the early days of Bitcoin, there were no exchanges that resembled those available today. The BitcoinTalk forum went live in late 2009, and soon after, the notion of an exchange where users could buy and sell Bitcoin for fiat currency was introduced.Fast forward 15 years, and Bitcoin has become a global financial asset, now with a market capitalization of $1.944 trillion. From a value of nearly $0.000066 per BTC in late 2009 to now trading at $98,201, Bitcoin has seen a meteoric rise.The U.S. Bureau of Labor Statistics will issue the consumer price index (CPI) for November at 8:30 a.m. ET (1:30 p.m. UTC). Federal Reserve Chair Powell has stated that incoming economic data will substantially influence interest-rate decisions, which may have an impact on crypto markets in the new year. The prior month’s data indicated that the Fed remained concerned about inflation.According to the most recent Coin Shares report, digital asset investment products experienced the highest weekly inflows on record last week, totaling $3.85 billion.Bitcoin saw inflows of $2.5 billion, Short Bitcoin saw tepid inflows of $6.2 million, Ethereum saw its largest weekly inflows on record of $1.2 billion and Solana saw outflows of $14 million.This article was originally published on U.Today More

Similarly to that painting, Saylor is wearing a suit, dark coat and bowler hat, but instead of an apple, his face is obscured by the Bitcoin sign. “We are The Sons of #Bitcoin,” Michael Saylor tweeted.The Bitcoin community responded with a wave of enthusiastic comments, supporting Saylor and his bullish BTC stance.Over the past 24 hours, the world’s largest cryptocurrency in terms of market capitalization, Bitcoin, has managed to recover by roughly 4.65% and is now changing hands at $98,650 after falling to $94,200 on Tuesday.However, on-chain data aggregator Santiment believes that prices often go contrary to the crowd’s expectations. Therefore, “fear is generally necessary for prices to rebound.”In the meantime, according to data revealed by cryptocurrency analyst and trader Ali Martinez, whales have been actively buying the recent Bitcoin dip. While the price slumped from $104,000 to the $90,000 zone briefly, 342 new wallets holding at least 100 Bitcoins were set up.This article was originally published on U.Today More

The move upwards pushed EOS’s market cap up to $1.6799B, or 0.05% of the total cryptocurrency market cap. At its highest, EOS’s market cap was $17.5290B.EOS had traded in a range of $0.9894 to $1.1044 in the previous twenty-four hours.Over the past seven days, EOS has seen a drop in value, as it lost 20.85%. The volume of EOS traded in the twenty-four hours to time of writing was $561.7006M or 0.21% of the total volume of all cryptocurrencies. It has traded in a range of $0.9192 to $1.5145 in the past 7 days.At its current price, EOS is still down 95.23% from its all-time high of $22.98 set on April 29, 2018.Bitcoin was last at $100,388.1 on the Investing.com Index, up 4.94% on the day.Ethereum was trading at $3,788.27 on the Investing.com Index, a gain of 6.24%.Bitcoin’s market cap was last at $1,988.0853B or 55.43% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $457.1372B or 12.74% of the total cryptocurrency market value. More

On Tuesday, Dogecoin plummeted by more than 10% but then printed a 10.22% increase and is currently changing hands at $0.40424. Yesterday, DOGE found a bottom after the 25% price drop it had been facing since Sunday as it dropped from $0.48474.Bitcoin also lost almost 6% since Sunday, dropping from roughly $100,410 to the $94,500 zone. Overnight, the world’s pioneer cryptocurrency recovered 4.22%, rising back to change hands for $98,310 at the time of this writing.Markus has often criticized the volatile nature of the crypto market, as prices first reach new highs and then suddenly crash, as Shibetoshi Nakamoto believes, for no clear reason. In his earlier tweets, he often shared that he does not believe why Bitcoin or other large cryptos begin to rise or suddenly fall down, shedding a lot of their value.In another recent tweet, Shibetoshi Nakamoto also took a jab at non-fungible tokens (NFTs), saying that “the biggest problem with NFTs is “whatever dumb f** decided to call them NFTs.” His hatred toward these digital assets has also been known widely first on Twitter, then on Elon Musk’s X. In 2023, he called NFT lovers “mentally ill,” even though Markus has launched several of his own NFT collections.Two transactions were made to that trading and investment venue: one carried 61,160,251 DOGE worth $23,493,325, and the other one shoveled 85,430,198 DOGE, valued at $32,932,934 at the time of the initiated transaction. Both transfers were conducted from anonymous blockchain addresses.Dogecoin remains on the top-10 list of cryptos with a market cap of more than $59 billion.This article was originally published on U.Today More

In this interview, Roger Ver shared his version as to why he was arrested in Spain half a year ago and his view of what Bitcoin has turned into by now. He also answered Carlson’s question about who Satoshi Nakamoto, the mysterious founder of Bitcoin, was.As reported by U.Today, on April 30, Roger Ver was taken in custody in Spain at the demand of the U.S. Department of Justice on charges of committing tax evasion and causing a loss of “at least $48 million” to the U.S. Internal Revenue Service.Ver believes that his arrest is not related to taxes but rather to his support of Bitcoin in the crypto’s earliest days – and with his current claims that Bitcoin does not give people any privacy in their purchasing power.Ver says he knew that this sort of action could be dangerous, so in 2014, he dropped his U.S. citizenship and became a citizen of Saint Kitts and Nevis in the Caribbean through its investment program.Ver said that his arrest took place a decade after he renounced his U.S. citizenship and just a couple of months after his book “Hijacking Bitcoin” came out, in which he shared his belief that Bitcoin now is not what Satoshi Nakamoto had in mind when he created it.But whoever he or she is, per Ver, they invented “one of the most important things in the entire history of human kind,” likening Bitcoin in importance to electricity, the transistor and the internet.This article was originally published on U.Today More

The world’s largest cryptocurrency remained squarely within a $90,000 to $100,000 trading range established over the past few weeks, amid cooling optimism over friendly regulations under incoming President Donald Trump. Broader crypto prices clocked heavy losses, as risk appetite worsened this week on heightened geopolitical tensions in the Middle East and Asia. Crypto markets were also subject to profit-taking after a strong run through November. Bitcoin rose 0.6% to $97,483.5 by 00:53 ET (05:53 GMT). Focus on Wednesday was squarely on upcoming consumer price index inflation data, which is expected to factor into the Federal Reserve’s plans for interest rates. The reading comes just a week before a Fed meeting, where the central bank is widely expected to cut rates by 25 basis points.But markets have turned more uncertain over the long-term outlook for interest rates, amid recent signs of sticky inflation. Expansionary and protectionist policies under Trump are also expected to underpin inflation, keeping rates higher in the long term.High rates bode poorly for speculative assets such as crypto, given that they limit the amount of liquidity available for speculation. MicroStrategy Incorporated (NASDAQ:MSTR)- the biggest corporate holder of Bitcoin- rose on Tuesday amid speculation that the stock could be added to the Nasdaq 100- a move that could spur further upside in the stock.Microstrategy surged about 450% in value this year as its Bitcoin bet paid off, with the company continuing to issue more debt and buy more Bitcoin.Bloomberg analyst Eric Balchunas said the firm’s addition to the Nasdaq 100 could invite net buying of at least $2.1 billion Microstrategy shares by exchange-traded funds to gain exposure. Among broader crypto prices, most major altcoins were a mixed bag on Wednesday after being walloped by heavy profit-taking in recent sessions. But most tokens were still trading substantially higher for the year.World no.2 crypto Ether fell 1.1% to $3,661.36. XRP steadied at $2.3368 after rebounding from a 10-day low in the prior session. Solana rose 1.3%, while Cardano and Polygon were flat. Among meme tokens, Dogecoin fell 3.4%.  More