Press Releases TheBitTimes.com

Bybit, one of the largest and most visited cryptocurrency trading platforms in the world, has secured the top rating in the most recent Analysis by the crypto sector research company CCData , becoming the only exchange of its kind to score the highest marks in both spot and derivative trading categories . Specifically, the crypto exchange has received an ‘AA’ rating in CCData’s Crypto Exchange Benchmark Report, a critical study that analyzes the performance and risk management capacities of centralized and decentralized exchanges in the crypto industry, according to the press release shared with Finbold on November 3. Bybit’s capabilities As it happens, the 2023 Report has recognized Bybit’s qualities amid the stable growth of its market share, taking into account the dynamic changes and enhanced standards that have yielded impressive results, proving its commitment to offering safe and reliable trading space. Furthermore, the crypto exchange said that the report has brought t...

Bitcoin price has been showing weakness near the $30,000 level, but multiple data points highlight the fact that bears remain at a disadvantage. Bitcoin (BTC) price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward. Bitcoin remained within a narrow 4.3% range for the 15 days leading up to July 7. Despite the proximity of the $29,895 to $31,165 range, investors' sentiment was significantly impacted by an unsuccessful attempt to break above $31,400 on July 6. Trader’s tendency to overreact to short-term price movements rather than Bitcoin's year-to-date gains of 82% could be part of the reason for the short-term correction This same rationale applies to the events related to other cryptocurrencies. At the front of investors' minds are questions about whether the recent price gains were solely driven by multiple spot Bitcoin exchange-traded fund (ETF) requests. Other pressing developments inclu...

While investors may have numerous platforms offering crypto options trading, a new exchange aims to address the shortcomings that currently exist in the space. Cryptocurrencies have revolutionized the way society perceives and trades assets, offering new opportunities for investors and traders alike. While traditional methods of buying and selling digital currencies have gained popularity, the market for crypto trading instruments is continually evolving. From the emergence of futures contracts to the latest advancements in options trading, platforms are striving to bridge the gaps and provide more comprehensive solutions for traders of all levels. Unlocking the potential: Understanding crypto options trading Since the beginning of crypto, the trading volume on exchanges has grown significantly. As with traditional assets, traders are looking for ways to optimize their strategies and maximize returns. Some of the instruments they use include option contracts. Instead of buying Bitcoin...

Bitcoin price continues to explore the lower regions of its trading range, but a drop to $25,000 seems nearly inevitable according to derivatives data. Bitcoin (BTC) has been trading in a narrow 3.4% range for the past three days after successfully defending the $25,500 support on June 10. In this time, investors’ attention has shifted to the macroeconomic area as the U.S. Federal Reserve will announce its interest rate decision on June 14. Cryptocurrencies might work independently from the traditional finance markets, but the cost of capital impacts almost every investor. Back in May, the Fed raised its benchmark interest rate to 5%–5.25%, the highest since 2007. All eyes will be on Fed’s Chair Jerome Powell media speech 30 minutes after the rate announcement as markets are pricing in 94% odds of a pause at the June meeting, based on the CME FedWatch tool. Crypto fears more than just a FOMC meeting The upcoming FOMC meeting isn’t the only concern for the economy, as the U.S. Treasu...

Commodities rallied as the U.S. Treasury struggled with the banking crisis, but Bitcoin bulls also overplayed their hand in this week’s options expiry. Bitcoin's (BTC) 43% rally between March 10 and March 20 surprised options traders and this is proven by the minimal14% of the $1.12 billion open interest set to expire on April 7 being placed at $28,000 and higher.  The positive price movement can be partially attributed to an increase in commodity demand, as investors perceive risks in the central bank's emergency funding programs, as injecting liquidity causes inflationary upward pressure. According to Urban Angehrn, CEO of the Swiss Financial Market Supervisory Authority (FINMA), if Credit Suisse had not been rescued, "many other Swiss banks would probably have faced a run on deposits." Angehrn added that, "there was a high probability that the resolution of a global systemically important bank would have led to contagion effects and jeopardized financial stab...

Investors are unwilling to add long positions as the Shanghai Fork is expected to unlock a significant amount of ETH over a short period. The price of Ether (ETH) declined 6% between March 2-3, followed by a tight range trading near $1,560. Still, analyzing a wider time frame provides no clear trend, as its chart can point to a descending channel or a slightly longer seven-week bullish pattern. Ether (ETH) price index in USD, 1-day. Source: TradingView Ether's recent lack of volatility can be partially explained by the upcoming Shanghai hard fork, an implementation aimed at allowing ETH staking withdrawals. Those participants were each required to lock 32 ETH staked on the Beacon Chain to support the network consensus protocol. After a series of delays, typical for changes in the production environment, the Shanghai Capella upgrade — also known as Shapella — is expected for early April, according to Ethereum core developer and project coordinator Tim Beiko. The Goerli testnet upgr...

ETH price continues to encounter resistance at the $1,600 level, a potential sign that the current rally lacks sustainable momentum. Ethereum (ETH) price is struggling to overcome resistance at $1,600 and this is the altcoin’s third attempt since September 2022. Some would say the 33% year-to-date rally could be interpreted as a failed opportunity to breach the $200 billion market capitalization mark.  Ether/USD price index, 2-day. Source: TradingView If Ethereum price were to break above $1,600, it would return Ether to a top-60 global tradable asset, surpassing giant multinational companies like Nike (NKE), Novartis (NVS), Cisco (CSCO) and Toyota (TM). Unfortunately, at least for bullish traders, derivatives markets are not hinting that Ether will finally break the $1,600 resistance — at least, not until the U.S. Federal Reserve reverses its course of tightening the economy. Bulls' frustrations can partially be explained by Silvergate Bank's $1 billion net loss in the latest...

Data suggests that BTC’s rally to $18,300 is the only Santa Claus rally Bitcoin will see before the year ends. As the coldest days of the crypto winter set in, investors’ speculative interest in the crypto market has fallen to pre-2021 levels, impairing the chance of a substantial directional price move. However, there’s a possibility of a bear market rally akin to the July through August 2022 uptrend. The market enters a state of limbo The FTX implosion impacted over 5 million users globally and adversely affected numerous crypto companies that were exposed to it. The industry is currently in a recovery mode and Cumberland, a U.S.-based crypto market broker, recently echoed this narrative in a tweet. The firm noted that "dozens of crypto companies are either severely curtailed or out of business, and the industry's future is as cloudy as ever." Data suggests that building a sustainable bullish move will be challenging because the market is pushed back to a low liquidit...