Crypto Zodiac is a trading competition that merges astrology with crypto trading. Learn more about this competition here.

The cosmos aligns with crypto trading in the Crypto Zodiac League, a unique competition in which traders represent their Zodiac Squads in a thrilling battle for dominance. With a prize pool of 1,000,000 USDT, this event invites traders to test their skills, leverage their strategies and climb the ranks across multiple trading leaderboards. Whether you're an aggressive Aries, a strategic Scorpio or a disciplined Capricorn, your Zodiac Squad needs you. Read on to discover how you can join, compete and claim your share of the cosmic rewards.

 is a trading competition that merges astrology with crypto trading, allowing participants to join their Zodiac Squads and compete for rewards based on their trading performance.

The event is structured around the 12 zodiac signs, forming squads whose traders team up and battle for dominance. Participants engage in individual and team-based competitions, with rankings determined by percentage profit and loss, or PnL (%), trading volume and squad performance.

The Crypto Zodiac League is more than just a competition — it's a month-long trading showdown designed to test traders’ skills while embracing astrological themes. With multiple leaderboards and diverse challenges, every participant has the chance to shine.

Squad Derivatives Trading Volume Leaderboard

The Squad Derivatives Trading Volume Leaderboard ranks Zodiac Squads based on the collective trading volume of their top 50 members. The higher the total squad volume, the larger the prize pool that squad will share. Squad members who rank within the top 50 contributors will receive a share of the rewards. The prize pool itself increases as the competition progresses, scaling based on the total volume generated by all squads, with rewards ranging from 50,000 USDT for lower-tier volumes to a maximum of 300,000 USDT for squads that achieve the highest total trading volume.

To qualify for squad rewards, participants must achieve a minimum of 50,000 USDT in trading volume.

The Individual PnL (%) Competition is designed for traders who prioritize profitability over volume. Rather than focusing on sheer trading volume, this category ranks participants based on their percentage profit and loss, or PnL (%), throughout the competition period. The top 200 traders in this category will share a 300,000 USDT prize pool, rewarding those who manage their trades efficiently and achieve consistent profits. To be eligible, participants must have traded at least 50,000 USDT during the event period.

PnL (%) = (Profit / (Initial Equity + Total Deposits)) × 100%

Individual Spot Trading Volume Leaderboard

The Individual Spot Trading Volume Leaderboard focuses exclusively on Spot trading, ranking traders based on their total accumulated Spot trading volume. The top 100 traders in this category will split a designated prize pool of up to 100,000 USDT, with a minimum trading volume requirement of 30,000 USDT. This competition category covers all forms of spot trading, including 

Individual Daily Derivatives Trading Volume Leaderboard

For those who prefer daily competition, the Individual Daily Derivatives Trading Volume Leaderboard offers a fresh opportunity to win prizes every 24 hours. Each day, traders will be ranked based on their Derivatives trading volume. The top 30 traders for the day, calculated from 10AM UTC to 10AM UTC the next day, will share a portion of the daily prize pool, with up to 5,000 USDT in rewards distributed each day. The competition resets daily, running for a total of 25 days, giving traders multiple chances to climb the leaderboard and claim their rewards.

Beyond these core competitions, the event also features Lucky Draws and Mystery Box rewards, ensuring that traders have additional opportunities to win.

In addition to the main competition categories, participants can win bonus rewards through the Crypto Zodiac Lucky Draw. By completing specific trading tasks, traders can earn Lucky Draw tickets that grant them a chance to win extra rewards.

Some of the prizes available in the Lucky Draw include USDT trading bonuses ranging from 1–20 USDT, VIP 1 trial cards for 14-day premium access, and USDT and MNT airdrops. Traders can earn Lucky Draw tickets by completing various tasks, such as trading at least 100 USDT, making their first Spot trade of 500 USDT or more, subscribing to Bybit Earn or trading MNTUSDT on Bybit’s Derivatives market. These rewards add an element of excitement and unpredictability to the competition, ensuring that even traders who don’t rank at the top of the leaderboards still have a chance to win prizes.

All Lucky Draw entries must be used before Mar 28, 2025, 10AM UTC, as any remaining chances will be forfeited after this deadline.

Should You Join the Crypto Zodiac League?

For traders looking to combine their love of astrology with competitive trading, the Crypto Zodiac League offers an exciting and rewarding opportunity. With a 1 million USDT prize pool, multiple ways to win and the chance to earn extra rewards through Lucky Draws, the event will appeal to both high-volume traders and those focused on profitability.

Beyond the financial incentives it offers, the event adds a unique social and competitive aspect to trading. By joining a Zodiac Squad, traders can collaborate, strategize and compete alongside others who share the same astrological sign. This sense of camaraderie and competition sets the Crypto Zodiac League apart from traditional trading events.

This event is also structured to offer rewards to a wide range of participants, ensuring that both experienced traders and newcomers have a fair chance to earn prizes. With squad leaderboards, individual performance rankings and daily competitions, every trader has multiple paths to success.

The Crypto Zodiac League is an exciting, astrology-themed trading competition that allows traders to compete, strategize and earn rewards based on their skills. The blend of skill-based leaderboards, social competition and Lucky Draws, is designed to create an engaging and dynamic trading environment. 

For anyone who’s passionate about crypto and enjoys the thrill of competition, this is an event not to be missed. So choose your Zodiac Squad, start trading and claim your cosmic rewards!

Beginner

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Crypto Zodiac League: Squad Up for the Stars

Gold is projected to surpass $3,000 per ounce in 2025, driven by strong macroeconomic and geopolitical factors.

At the heart of gold's potential surge is the current macroeconomic landscape that’s characterized by persistent inflation and anticipated monetary policy shifts. Inflation rates in the U.S. are expected to remain above the Federal Reserve's target of 2%, creating an environment in which gold is expected to serve as a crucial hedge against currency devaluation. When inflation erodes purchasing power, investors often turn to gold to preserve their wealth.

Moreover, the Federal Reserve has signaled a shift toward monetary easing, with market expectations indicating potential interest rate cuts in the coming months. Lower interest rates decrease the opportunity cost of holding gold, making it a more attractive investment as compared to interest-bearing assets, such as bonds and savings accounts. With real interest rates projected to remain low or even go negative, gold could experience renewed demand as a safe store of value.

Geopolitical tensions further bolster gold’s appeal. Ongoing conflicts, particularly the strained U.S.-China relationship and the Russia-Ukraine war, create an atmosphere of uncertainty that drives investors toward safe-haven assets. During times of geopolitical instability, gold has historically seen increased demand as investors seek to mitigate risks associated with market volatility.

As global tensions escalate, the demand for gold is likely to rise, reinforcing its status as a reliable hedge against financial instability. Investors tend to flock to gold during crises, viewing it as a secure asset that retains its intrinsic value, especially when other markets are under pressure.

Another significant factor contributing to the bullish outlook for gold is the unprecedented demand from central banks around the world. In 2024, central banks collectively purchased over 1,000 metric tons of gold, marking one of the highest levels of accumulation in recent history. This trend is expected to continue into 2025, particularly among countries like China and Russia that are actively reducing their reliance on U.S. dollar reserves as part of a broader de-dollarization strategy.

This central bank buying provides a strong structural support for gold prices, minimizing downside risks. As these institutions accumulate more gold, the resulting scarcity in the market could lead to higher prices. The growing demand from central banks underscores the renewed confidence in gold as a strategic reserve asset, especially amidst economic volatility and geopolitical tensions.

From a technical perspective, gold is currently in a robust uptrend, trading above key moving averages and nearing critical resistance levels. If gold successfully breaks through the psychological barrier of $3,000 per ounce, momentum could carry it toward higher price targets, potentially reaching $3,200 or even $3,500. 

, such as relative strength index (RSI) and moving average convergence divergence (MACD), suggest that gold remains in a bullish phase, indicating further upside potential.

As gold approaches these key resistance points, technical traders will closely monitor its price movements. A successful breach of the $3,000 level could trigger momentum buying, propelling prices higher as investor confidence grows.

Finally, rising investor sentiment plays a crucial role in gold’s potential price surge. Increased inflows into gold-backed 

 (ETFs), in addition to speculative positioning in futures markets, reflect strong confidence among both retail and institutional investors. As ETF holdings rise, it signals renewed interest in gold as a safe-haven investment.

This optimism is bolstered by a general shift in market sentiment as investors are increasingly turning to gold amid concerns over economic stability and inflation. The combination of robust technical indicators, macroeconomic pressures and favorable investor sentiment positions gold favorably for a significant price increase in 2025.

In summary, gold is well-positioned to reach $3,000 per ounce in 2025, driven by a combination of persistent inflation, geopolitical uncertainty, strong central bank demand and positive technical indicators. As investors seek refuge in safe-haven assets, gold’s intrinsic value and historical performance during times of crisis will make it an attractive option for preserving wealth. The confluence of these factors suggests that gold's upward trajectory could continue, making 2025 a pivotal year for this precious metal.

Advanced

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Bybit Commodity Insight Report: Why Gold Is Poised to Reach $3,000 in 2025

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, as well as futures, options and perpetual contracts.

Macro headwinds are impacting the crypto market, with a sell-off that began over the weekend deepening this week. BTC, ETH and most altcoins are declining alongside equities, gold and treasury yields, though derivatives markets are showing little bearish sentiment or increased volatility expectations. Among perpetuals, there are record consistent positive rates across most markets, indicating a reset in positioning. Meanwhile, ETH retains a volatility premium over BTC, but its term structure hasn’t inverted as sharply as in earlier sell-offs this month.

Please check out the report’s highlights.

Funding Rates Largely Positive Amid Sell-Off

Despite risk-off sentiment across asset classes this weekend and early this past week, USDT-denominated perpetual contracts have shown their most consistently positive funding rates within the past month. While these rates haven't reached the bullish levels of early December 2024, most have returned to a neutral level of 0.01%, signaling a reset in positioning due to recent market movements.

Tuesday's intensified risk-off sell-off led to a significant spike in BTC put trade volume as traders hedged against further declines. Unlike ETH, which leans bullish on calls, BTC's open interest is balanced between upside and downside protection. The volatility term structure is flat again, typical during sharp market moves, but this reflects a decline in longer-dated options, rather than a rise in short-term expectations.

As the sell-off in risk-on assets deepened this past week, ETH outperformed BTC. ETH derivatives markets are showing stronger sentiment, with higher call trade volumes indicating greater demand for upside positioning as compared to puts. However, ETH's volatility term structure has inverted more sharply than BTC's, as seen in previous significant market moves since last November (2024), with front-end volatility levels 15 points above those of BTC options with a similar tenor.

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Feb 26, 2025): Sell-Off Deepends as Fund Rates Remains Positive

Explore four essential tips to help you accumulate more points, optimize your strategy and claim the best rewards in EcoGalaxy: Mantle Surge.

With the rise of gamified crypto events, EcoGalaxy: Mantle Surge stands out as one of the most exciting opportunities for users to earn rewards while engaging with both Bybit and Mantle Network. This limited-time event offers participants a shot at a 1,000,000 MNT prize pool when they complete on-chain and trading-related tasks. 

To help you maximize your rewards and ensure you get the most out of this event, in this guide we’ll break down four essential tips to help you accumulate more points, optimize your strategy and claim the best rewards in EcoGalaxy: Mantle Surge.

EcoGalaxy: Mantle Surge is a limited-time campaign that rewards participants with a share of a 1,000,000 MNT prize pool when they complete both Bybit and on-chain tasks. Players earn "wishes" that can be used to enter Lucky Draws or climb the leaderboard for greater rewards.

This campaign, hosted by Bybit in collaboration with Mantle, blends gamification with 

 engagement, offering users multiple ways to win. Participants can choose to rely on chance via the Lucky Draw or strategically allocate their wishes to compete on the leaderboard. The event runs from Mar 6, 2025 to Mar 27, 2025, making it a limited-time opportunity to accumulate rewards while exploring the Mantle ecosystem.

4 Tips to Maximize Your Wishes and Rewards in EcoGalaxy: Mantle Surge

To make the most out of EcoGalaxy: Mantle Surge, you need to strategize your wish allocation, complete as many tasks as possible and take advantage of all available earning mechanisms. Here are four essential tips to maximize your rewards:

One of the best ways to earn high-value rewards in EcoGalaxy: Mantle Surge is by competing on the leaderboard. There are a total of five rounds, and the rewards are higher with each passing round. 

The more wishes you allocate toward leaderboard rankings, the higher your position and the larger your rewards. However, since the leaderboard is dynamic, your rank can change based on the activity of other participants.

Since leaderboard positions fluctuate, it’s recommended that you monitor your ranking regularly and adjust your strategy accordingly. Players who accumulate the most wishes by the end of each leaderboard round will receive the greatest rewards.

 that each round’s rewards and wishes are calculated independently, and any wishes spent in a round won’t carry over to the next round.

If you prefer an element of surprise, the Lucky Draw is your best bet. By spending wishes on Lucky Draw attempts, you earn the chance to win instant prizes. The Lucky Draw operates on a first-come, first-served basis, so the earlier you participate, the better your chances of securing top-tier rewards.

Since rewards are limited, it's advisable to use your wishes early before the top prizes run out.

An easy way to earn free points in this campaign is by holding Mantle (MNT) and/or Mantle Restaked ETH (cmETH) in your Bybit account. By simply keeping these assets in your wallet, you’ll receive additional wishes, increasing your chances of winning more rewards.

This passive method of earning wishes ensures that you accumulate extra points without actively completing tasks, making it one of the simplest ways to boost your rewards.

Another hidden gem for doubling your rewards in EcoGalaxy: Mantle Surge is through Layer 3. Participants who complete specific Layer 3 quests will receive extra bonuses, including double rewards on certain tasks.

By leveraging Layer 3 bonuses, you can significantly boost your total wish count, increasing your chances of securing leaderboard positions or hitting big wins in the Lucky Draw.

If you’re looking for a fun and rewarding way to engage with the Mantle ecosystem, EcoGalaxy: Mantle Surge is definitely an event worth joining. With 1,000,000 MNT up for grabs, both casual users and seasoned traders can benefit from this campaign.

The event's dual-reward system allows participants to tailor their strategy based on their preferences. Whether you enjoy the thrill of luck-based rewards or prefer the competitive edge of leaderboard climbing, this campaign offers something for everyone.

Additionally, holding MNT and cmETH provides passive earnings, while Layer 3 integration presents an opportunity for double rewards — making the experience even more lucrative for active participants.

EcoGalaxy: Mantle Surge is a limited-time, gamified rewards campaign that blends trading, staking and on-chain interactions. By completing tasks, holding Mantle assets and strategically using your wishes, you can maximize your rewards and secure your share of the 1,000,000 MNT prize pool.

This event runs from Mar 6, 2025 to 27, 2025, so now is the best time to get started. Are you ready to explore the Mantle ecosystem and claim your rewards? Join EcoGalaxy: Mantle Surge today!

how to participate in ecogalaxy mantle surge

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Bitcoin

Investing

 In mid-2023, Bitcoin briefly surged above $30,000, but swiftly plunged to $26,000 in August. This begs the question: Should I buy Bitcoin now while it's below $30,000? This article will help you make an informed decision.

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Toward the end of June 2023, Bitcoin briefly broke above $30,000, and most people thought the price would skyrocket. However, the price failed to break the strong resistance around $29,000 and stalled for weeks. Eventually, in mid-August 2023, BTC plunged from $29,000 to $26,000 and is still trading sideways around that level.

One question that's always on an investor's mind, especially during this 

: Should I buy Bitcoin now, or could it drop a little further?

While no one is 100% sure that Bitcoin has bottomed out yet, this article explores whether you should buy Bitcoin when it’s still below $30,000 or wait for a major price rally (up/down) to get in.

 is the first successful cryptocurrency to be created and still remains the face of the crypto world. Since its entrance into fintech in 2009, Bitcoin’s transformative power on traditionally rigid and opaque financial systems has been impossible to ignore. Since then, Bitcoin has opened doors to thousands of 

 designed to redefine how money moves in the modern world.

, Bitcoin allows you to instantly and cheaply transfer money and value almost anywhere in the world without the need for centralized intermediaries or middlemen who make the process lengthy and expensive. 

To date, Bitcoin's founder(s) remain anonymous with a pseudonym, 

, associated with the coin's creation. Despite this anonymity, Bitcoin has become a favorite asset class among investors who view it as a legitimate store of value.

Bitcoin has certain properties that, compared to fiat currencies such as the U.S. dollar, make it a great alternative to physical money. One of its most attractive properties is that it can be used as a store of value, which is why it’s commonly referred to as 

. Despite its volatility, Bitcoin has risen in value over the years, increasing by over 38,000%.

Bitcoin’s decentralized governance ensures that no single entity controls it — unlike most currencies, whose mechanics are in governmental hands. As part of a 

 payment network, Bitcoin can be transacted directly with another party without needing a bank to confirm the transaction.

As such, Bitcoin has become a favorite choice for cross-border payments. Traditional remittance systems such as SWIFT can take days to approve transactions, but paying with Bitcoin is nearly instant and can be done at a fraction of the cost.

Of course, this raises the question: Is Bitcoin safe? 

Yes, because all BTC transactions are recorded in a public ledger on a blockchain that’s nearly immutable (i.e., cannot be altered or tampered with). Additionally, each transaction's approval must be verified through Bitcoin mining, which involves cracking a cryptographic algorithm and a consensus mechanism known as 

Furthermore, Bitcoin’s use case has recently been upgraded to include 

, you can own a rare and valuable inscribed 

 with a unique identity, which can be exchanged and tracked on the Bitcoin blockchain.

The crypto market is highly volatile, and Bitcoin is no exception — considering that the world’s top cryptocurrency dropped over 75% in value from $69,000 in November 2021 to below $16,500 one year later.

However, such a decrease isn’t uncommon, since the coin often goes through cyclical price highs and lows, especially when there’s a lot of FUD (fear, uncertainty and doubt) in the market.

Usually, you can’t point to one single occurrence that causes Bitcoin’s price to dip. In the recent price plunge of August 2023, a number of macroeconomic circumstances could have triggered the dip, including the following:

Such events don’t do much to boost investor confidence, especially in an already struggling crypto market. The price plunge isn’t unique to Bitcoin, also impacting other digital currencies that tend to move in tandem with BTC’s price.

Despite an upbeat start to 2023, Bitcoin's price has been getting frail. The drop in August marked BTC’s worst performance in the same month over the past eight years, driving persistent bearish sentiments further. Additionally, September has 

, and price prediction experts believe we could witness another dip in the coming weeks.

That said, when looking at how low Bitcoin prices can go, it's important to consider 

 factors. From a fundamental aspect, macro triggers — such as historical price trends and a higher inflation rate — could adversely impact Bitcoin’s price. On the technical front, it’s crucial to consider 

 that provide insights into a potential downturn, such as bearish chart formations like the 

 to assess the possibility of a breakdown in price support.

Should Bitcoin's price continue to drop, the next support levels to watch are $25,000 (which has been tested slightly) and $22,000. If the price were subsequently to continue to drop, $16,000 is a critical support level for Bitcoin — which, if broken, could see its value slide to $11,000. 

However, experts are of the opinion that Bitcoin will not fall below $10,000 in the long term, given its role as a pioneering and established cryptocurrency with global recognition.

No one knows when exactly Bitcoin will bottom out and reverse the current trend, which crypto enthusiast Michaël van de Poppe 

 the “longest bear market in history” for Bitcoin.

In investment circles, there’s a mantra that goes “buy low, sell high.” Based on this, it may seem that entering a Bitcoin long position at the moment is attractive, due to discounted prices. However, it's also crucial to look at certain catalysts that could drive up Bitcoin's price, making now an excellent time to own some Bitcoin. Let’s look at a few of them.

Every time a miner successfully confirms a Bitcoin transaction by solving an algorithmic puzzle to confirm a block of transactions on the Bitcoin blockchain, they’re rewarded with BTC. After the mining of 210,000 blocks of Bitcoin transactions (approximately every four years), this reward is reduced by 50%.

Initially, Bitcoin miners received 50 BTC for successfully completing a block of transactions. 

 took place in November 2012, reducing the reward to 25 BTC, and the next occurred in July 2016, which lowered the reward to 12.5 coins. The most recent halving, in May 2020, brought the reward down to 6.25 BTC.

Based on this pattern, the next Bitcoin halving is expected to take place in April 2024, and the reward will be cut to 3.125 coins.

Why is Bitcoin halving so significant in the crypto world? Every time the event nears, Bitcoin’s 

 (the mining power needed to confirm a transaction) tends to increase. While a higher hash rate tightens security against 

 on the Bitcoin network, it also translates to a higher mining difficulty, making it harder for miners to mint new Bitcoins.

As such, Bitcoin halving reduces Bitcoin’s supply, which in turn drives Bitcoin’s price and value up since the coin has a finite supply of 21 million coins.

Historically, there's been a lot of frenzy in the crypto world in the months leading up to and after an anticipated Bitcoin halving event. Experts and the crypto community are cautiously optimistic about a significant price appreciation of Bitcoin as each halving event approaches.

As an investor, you can make a strategic decision to buy Bitcoin based on this historical trend, but it isn’t a guarantee of a future increase in Bitcoin’s price. You need to research whether there’s been any growth on the Bitcoin network, and if the ever-increasing mining difficulty could level off mining activity for Bitcoin.

Growing Institutional Interest in Bitcoin

Institutions such as hedge funds, tech firms and other investment firms control a large chunk of the money running the global economy. After years of shying away from cryptocurrencies, these institutions are now evolving and actively adding Bitcoin into their portfolios. According to 

, institutional crypto adoption for the last five years has risen by 14.2%.

Some of the motivations driving increased institutional adoption of crypto include diversification of portfolios, client demand and hedging against turbulent economic times. Tech companies are also exploring Bitcoin and 

 for their innovative, fast and secure payment infrastructure.

In 2023, some notable big names to enter the crypto space have been BlackRock and Fidelity Crypto®, which filed for spot 

 in June. In May, top fintech names such as Goldman Sachs, Deloitte and over 30 other firms 

 the Canton Network, designed for institutional crypto investment assets. 

What does this increased institutional interest mean for Bitcoin? It indicates growing confidence in Bitcoin as a store of value, rather than a purely speculative asset — as was previously the case among retail investors.

Furthermore, it reveals that continued clarity of Bitcoin regulation by governments is boosting investor confidence, especially among institutions that shun ambiguity due to the risk involved. As these institutions continue growing their Bitcoin holdings, we may witness a pump in Bitcoin’s price over time.

Bitcoin regulation has remained a gray area in most countries. Consequently, the legal gaps around Bitcoin and cryptocurrencies have opened the space to fraudulent and criminal activities, such as money laundering, 

. However, recently, especially in 2023, various governments worldwide have moved to develop clearer policies regarding the regulation of cryptocurrencies.

The U.S. Securities and Exchange Commission (SEC) has made strides in requiring crypto exchanges to comply with regulatory requirements. While such regulatory pressure may seem unfriendly to crypto firms, who fundamentally believe in the pseudonymous nature of Bitcoin, it plays a crucial role in stabilizing the market, which will benefit the niche in the long run.

With increased regulation, the speculative nature of crypto assets will diminish and gradually be replaced by the real utility of digital currencies. It will also boost investor confidence because it will increase guidance on protecting their assets. This, in turn, will expedite mass adoption, which is vital for the growth of the cryptocurrency market as a whole. 

 battle against the SEC in the spot Bitcoin ETF case is a crystal-clear example of how heightened regulation fosters enhanced investor confidence. Just after the court ruling on Aug 29, 2023, Bitcoin’s price swiftly shot from $26,000 to almost $28,000 within a day, though it’s since eased to the $27,000 level. 

Biggest Reasons to Consider Selling Bitcoin Instead

While the slump in Bitcoin prices could be attractive to some investors, others may opt to stay away from the market. Two of the biggest reasons to consider selling BTC — or at least not buying it — are high interest rates and rising inflation.

Post-COVID, most economies worldwide have experienced turbulent times. Central banks have been hiking interest rates to try to cool things off. However, these interest rate hikes and runaway inflation point toward a looming recession, dampening the possibility of an upward movement in Bitcoin’s price.

Due to fears of a possible recession and the uncertainty of when the bear market will end, staying away from the market or selling your Bitcoin may be a smart idea (although holding Bitcoin with a long-term mindset is often encouraged). Some investors are liquidating their assets by selling off Bitcoin, or opting to invest in lower-risk assets, such as bonds. 

Possibly. However, this depends on several factors. It’s important to note that Bitcoin and the cryptocurrency market don’t exist in isolation from the global economy. Over the years, there's been a correlation between Bitcoin prices and major indices in the stock market, especially those related to tech companies (though this correlation is dwindling over time). When there's a slump in the stock market — for example, a price drop in the Nasdaq and S&P 500 — the same is generally reflected in Bitcoin’s price.

In order for Bitcoin to return to its all-time high price, there need to be catalysts such as the 2024 Bitcoin halving, clarity in regulatory policies, continued purchase of BTC by institutional investors, additional use cases for BTC (such as Bitcoin NFTs) and a general improvement in global economic conditions.

Without such boosts, Bitcoin may continue to stagnate around the $26,000–$29,000 range, which could accelerate capital flight from exchanges or lead to a further decline in Bitcoin’s price to the next lower major support level.

As the popularity of Bitcoin continues to grow, there’s been a growing number of scams and misleading narratives on how to capitalize on the world’s top cryptocurrency. Following are some crucial tips that you may find helpful when buying Bitcoin.

One of the easiest ways to buy Bitcoin is through a crypto exchange. Unfortunately, some of these exchanges have disappeared with investors' funds, due to weak systems and the general unregulated nature of the crypto space.

As such, you need to transact Bitcoin through a reputable crypto exchange such as 

. By opting to buy Bitcoin through Bybit, you’ll enjoy a simple and straightforward buying experience with the platform's user-friendly interface.

 can be a confusing process. As such, the platform has simplified buying Bitcoin into a 

. First, you'll need to download the Bybit app or 

Once you've registered and been verified, you'll need to link your credit or debit card, fill out a purchase order, authorize the transaction and wait for the confirmation. Bybit prioritizes security through rigorous testing and regular 

 programs to ensure you can buy Bitcoin safely and securely.

Bybit also offers other ways to trade and invest in Bitcoin through 

he Bitcoin market is highly volatile, with extreme price peaks and troughs. In order to minimize risk when buying Bitcoin, you can use 

 (DCA), which involves purchasing small amounts of an asset at regular, scheduled intervals at a fixed dollar value, based on changes in market price.

The strategy will earn you profits in the long run because it smoothes out the investment price over time, rather than making a lump-sum purchase. DCA has been around for years and is often used by investors with low-risk tolerance, or those beginning their investment journey.

Once you decide on the amount of funds you want to commit to buying Bitcoin, you can opt to DCA manually or through automated tools like the 

Buying Bitcoin through manual DCA isn’t advised for beginner investors, who may not know when it’s the best time to enter the market. You need only a minimum investment of $1 to use the Bybit DCA bot to automate your buying strategy and enjoy perks such as customizable parameters and zero fees, which increase your overall profits.

Once you buy Bitcoin, you’ll need to store it in a 

. In crypto circles, there’s a common saying: “Not your keys, not your crypto.” Many investors have lost their funds when hackers have gained access to their accounts. 

. Hot wallets are online, and are issued automatically once you sign up with a crypto provider, such as Bybit. These wallets are a good choice if you're looking for convenience or for fast and regular transactions, or when making small Bitcoin transactions. However, since they’re online, these wallets are susceptible to hacking since the funds are centralized and you don’t have full control over your private keys.

A good alternative is using cold wallets, which are usually offline and give you full control over your private keys. A cold wallet can be a hardware wallet, such as 

. It's imperative to note that while such wallets provide strong protection against hacking, they can be more expensive and inconvenient, and can be especially challenging to use for those new to the technology.

While you might have heard of people who have made huge gains from Bitcoin, many others have lost money through greed, scams, inexperience and poor understanding of the market.

Before buying Bitcoin, take time to learn about the technology and the underlying value that the coin presents. Research will not only save you from making costly mistakes but it will also open your eyes to sustainable strategies to utilize your capital efficiently.

Due to the volatility of the crypto market, investors are always advised to invest only what they can afford to lose. It’s not prudent to sell assets or get into huge debts to fund your Bitcoin purchases. At times, the market may move against you, leaving you in a precarious situation.

Apart from buying Bitcoin directly, you can choose to invest in it in other ways. These include:

 is the second most popular cryptocurrency after Bitcoin in terms of 

. As an investor, you may at times wonder which of the two is better. It’s important to understand that your choice will depend on your investment goals, since each cryptocurrency serves different purposes and has individual strengths and drawbacks.

As the oldest successful cryptocurrency, Bitcoin has built a reputation of stable and secure architecture that continues to stand the test of time. With this in mind, BTC remains a good choice for an investor looking for a digital currency to facilitate fast and cheaper cross-border transactions, or as a store of value.

However, Bitcoin’s price is quite high, and the blockchain has been deemed environmentally unfriendly due to its proof of work (PoW) consensus mechanism.

On the other hand, Ethereum is focused on the development of

. Additionally, Ethereum's growing popularity has led many to speculate that it may eventually overtake Bitcoin (i.e., the

). You may want to consider buying Ethereum if your goal is to own an asset that’s creating value through powering diverse projects in its thriving ecosystem.

However, Ethereum has constantly grappled with high gas fees and network congestion, which have hampered its full growth despite attempts to revamp by switching from PoW to 

 (PoS). To diversify your investment portfolio, you could include alternatives, such as 

, which are designed to boost Ethereum's scalability.

Understanding the use cases of Bitcoin and Ethereum can help you make an informed decision as an investor. Both are top 

 that have been around longer than most other cryptocurrencies and have stood the test of time.

Deciding whether you should buy Bitcoin now is tied to various factors. It will require strategy, research and patience in order to make an informed decision. Buying Bitcoin from a reputable exchange and using strategies such as dollar-cost averaging can help you leverage prevailing prices to make a profit.

As institutional interest grows and regulation continues to build investor confidence in Bitcoin and other cryptos, most people are hoping that we’ll see a positive price movement at some point. The upcoming Bitcoin halving in 2024 is another reason to buy Bitcoin now, since history indicates that its price pumps in the months leading to and after the event. As always, knowledge is power, and 

 before deciding whether to purchase Bitcoin or any other crypto will increase your confidence and improve your decision-making capability.

Should You Buy Bitcoin Now While It's Still Below $30,000?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards