Key Takeaways The World Series of Trading (WSOT) competition records massive success in terms of participants and prize money Traders gained profits as high as 10,000% and the prize pool was up to $8 Million Bybit continues to partner with UNICEF for the event, donating up to $40,000 for STEAM education program targeted at a…
The total cryptocurrency market cap increased by 7.5% in the last 24 hours, with investors taking yesterday’s 75 bps interest rate hike and today’s negative Q2 2022 gross domestic product (GDP) report in stride.
When Bitcoin was trading above $60,000 in October and November 2021, it was making headlines all around the world and in all types of media. Nevertheless, many people who were first exposed to Bitcoin and crypto at that time were turned away from investing by thinking that they are far too late to hop on the crypto train. While it is completely possible that today’s Bitcoin holders will never see such high gains as those enjoyed by the super early adopters between 2009 and 2011 when BTC started from literally $0, investing in crypto can still generate a nice profit.
Trust Machines, the startup on a mission to create the largest ecosystem of Bitcoin Apps, has announced today that Dan Held will join them as an adviser. The company, which is exclusively dedicated to growing the Bitcoin economy, announced that Held will assist with the growth of Trust Machines, its applications built on the Bitcoin blockchain.
When Bitcoin first launched in 2009, there was no centralized (CEX) or decentralized exchange (DEX) available to trade digital assets. Instead, early BTC adopters had to rely on peer-to-peer (P2P) trades to buy and sell digital assets.
With each passing year, cryptocurrency enthusiasts have access to more and more options to invest in digital assets. From spot market trades to a plethora of derivatives products and decentralized finance (DeFi) services, it can sometimes feel overwhelming picking among numerous trading options and strategies.
Bybit recently announced a partnership with Actant, a trading solutions service, to provide top-tier trading tools for professional traders.
In their latest weekly report – aptly named Pressure Builds on Diamond Hands – Glassnode researchers examined past Bitcoin downtrends to determine whether “widespread capitulation” is near and – with Bitcoin trading more than 70% removed from its all-time high – the bottom has been reached.
On Tuesday, the exchange rate for the euro expressed in the US dollar dropped to its 20-year low of roughly $1.001. This marks another in a series of drops that have seen the euro lose nearly 16% in the past 12 months.