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.

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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): Reset in Sentiment Brewing as Fund Rates Turn 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!

Beginner

how to participate in ecogalaxy mantle surge

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Join Bybit’s AI-DOL SUPERSTAR Trading Battle, vote for top AI projects and compete for a share of a $1M prize pool. Earn rewards while shaping the future of AI in crypto.

The Bybit AI-DOL SUPERSTAR Trading Battle is an exciting and innovative trading and voting event that aims to identify and support high-potential AI projects within the cryptocurrency space.

As artificial intelligence (AI) continues to revolutionize blockchain technology, this competition offers users a unique opportunity to engage with emerging AI-driven crypto projects while earning substantial rewards of up to $1 million.

 (AI) and cryptocurrency is reshaping blockchain and 

 — autonomous programs powered by machine learning — are revolutionizing the sector by automating trading strategies, optimizing portfolio management and executing on-chain decisions with minimal human input.

These intelligent agents analyze vast datasets, identify market trends and execute trades in real time, significantly enhancing efficiency and reducing risks in the volatile crypto market. Their role extends beyond trading, influencing DeFi protocols, NFT markets and blockchain governance.

Bybit is at the forefront of this AI-driven transformation, launching the 

 to spotlight high-potential AI projects. This event provides a launchpad for groundbreaking AI applications, connecting innovators with a global crypto audience.

What Is the Bybit AI-DOL SUPERSTAR Trading Battle?

Bybit is launching a unique AI trading event designed to highlight the most promising AI-driven crypto projects.

AI is revolutionizing crypto markets, with automated trading bots now executing over 60% of all crypto transactions. The integration of AI and blockchain is unlocking new trading strategies, DeFi innovations and web3 applications, making the AI sector one of the most promising in crypto.

Bybit’s AI-DOL SUPERSTAR Trading Battle bridges AI and blockchain, providing a global stage for emerging projects to gain exposure to a global audience. Participants play an active role in shaping the future of AI in crypto while earning rewards.

How to Participate in the AI-DOL SUPERSTAR Trading Battle

Campaign Period: Feb 28, 2025, 10AM UTC – Mar 27, 2025, 10AM UTC

Bybit users can support AI projects and earn rewards by participating in this AI-powered trading competition. Here's a step-by-step guide to joining:

Projects earn voting points from the following ways:

By actively trading and voting, participants not only have a chance to earn from the $1 million prize pool, but will also play a crucial role in shaping the future of AI in the crypto industry.

Bybit's AI-DOL SUPERSTAR Trading Battle offers an exciting $1 million prize pool, with multiple ways for participants to win rewards.

*Note that to win the prizes, there is a minimum number of voting points required. For example, to win the largest prize of $50,000, 600,000 voting points are required. Refer to the event page for more details. 

The breakdown of how votes are allocated for Bybit Spot is as follows:

The breakdown of how votes are allocated for Bybit Web3 is as follows:

The maximum number of daily votes that a user can receive is 100,400 (50,200 for Bybit Spot and Web3 respectively).

By trading, voting and engaging in the competition, participants not only support innovative AI projects but also receive a chance to maximize their earnings in this high-stakes trading battle.

Bybit's AI-DOL SUPERSTAR Trading Battle offers a distinctive platform that connects cryptocurrency traders with AI innovators. Participants are invited to support leading AI projects, earn attractive rewards and contribute to shaping the future of AI within the crypto ecosystem. 

 and be part of the AI-driven revolution on Bybit!

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How to Participate in Bybit’s AI-DOL SUPERSTAR Trading Battle

Crypto

Bitcoin

Is Bitcoin legal? Depending on where you are in the world, this may be a legitimate question to ask. Read about Bitcoin's legal status here.

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A revolutionary computer protocol purposed towards a decentralized payments system -Bitcoin. This revolutionary currency has been gaining popularity for years now. Still, despite its amazing features, there is a burning issue that has brought constraints to its true blossoming.

This debate has been raging for over a decade now, and it’s the issue of the legality of Bitcoin.

So stay tuned as we will be taking you on a journey around this very issue.

, let’s take a quick peek at what it really is. 

is a digital currency (cryptocurrency) initially coined (excuse the pun) in 2008 and given a domain name, “Bitcoin.org,” in the same year. It was created by 

 who used the assumed false name, Satoshi Nakamoto. It was launched in January 2009. 

 with no third-party facilitation, which means a user can directly share transactions with another user without needing any intermediary such as banks. On October 31, 2008, Nakamoto released a 

, which depicted a vision of how an electronic form of money could revolutionize the current financial markets and transaction systems.

The paper proposed utilizing a decentralized ledger of transactions in batches, known as “blocks.” The blocks refer to files where transaction data is permanently stored. Furthermore, the underlying network that processed the Bitcoin transaction is called the 

. The purpose was to offer people secured online transactions; hence the transactions were secured by 

Nakamoto initiated the first transaction 

” – the first block on the blockchain, which contained 50 Bitcoins. That was when Bitcoin was officially launched as the world’s first cryptocurrency. 

Bitcoin’s competitive advantage comes from being the first cryptocurrency created. It has since spawned a worldwide community of millions of devoted followers who put their money into Bitcoin through investing, trading and using Bitcoin in their regular daily transactions. The rise of the principle of cryptographic money is based on a calculated idea that has inspired the advancement of thousands of competing projects. The entire cryptocurrency market has its foundation in the creation of Bitcoin. 

Because of its first-to-market status, Bitcoin (BTC) remains at the peak of a very strong cryptocurrency market long after its introduction. Even though Bitcoin has lost its undisputed total dominance, it is still the biggest cryptocurrency with a

 of over 4 times its nearest competitor, Ethereum, as of March 2021.

 is constantly fluctuating – something it is well-known for.

Nevertheless, despite its popularity, many countries are still debating 

 or not. Especially to those new to the currency, many think that Bitcoin actually isn’t. Indeed, in some countries, it isn’t legal. In some other countries, it’s completely legal. While in some other countries, it’s a bit of both (depending on the function). This brings us down to our next concern: why does such an invention with such a huge potential to revolutionize transaction systems have legal concerns? 

We all know that every fiat currency is introduced, generated, and regulated by a single entity – central banks. All over the world, central banks control the flow of currencies according to local laws, which means that no ordinary citizen can trade money without abiding by government regulations. It’s considered a crime to act otherwise. 

When Bitcoin was introduced, it became an exception to the established legal process that regulates currency. Bitcoin was a currency the first of its kind in the world – not controlled by the government or central banks. Additionally, the fundamental idea of Bitcoin infers that anybody with enough computing force and sound financial acumen can make their coins by just being an active part of the network. 

However, the increasing popularity and acceptance of the BTC has led law enforcement and tax authorities worldwide to understand the concept of Bitcoin and how to use it within the existing legal framework. Consequently, the legality of Bitcoin depends upon a few measures – like what you do with it, where are you located, or how old you are.

Regardless of numerous conspiracy theories doubting the utilization of Bitcoin, its decentralized nature guarantees that no one can hold you back from utilizing it. Consequently, many legal experts are being urged to understand the very nature of Bitcoin to be able to regulate it, which would, in turn, make it easier to characterize Bitcoin legally from a legislative and regulatory standpoint. 

Several jurisdictions have a hard time legalizing Bitcoin due to its unique, decentralized, and intangible nature. But something that is gaining popularity like a wildfire is harder to control. 

While US-based traders are controlled and monitored by regulators, many offshore traders still don’t, which provides regulating bodies with an edge to classifying Bitcoin as illegal. For instance, the history of cryptographic money is filled with scams. Instances where traders were robbed and fell prey to digital currency scammers are unfortunately not uncommon occurrences.  

It’s quite normal for regulators to be concerned over a monetary system that cannot be completely controlled, considering historical scams. At most, the authorities can attempt to discourage individuals from using Bitcoin through threats or cutting off access to the world World Wide Web, which isn’t practical in all reality, considering the current dependency of people and businesses on the internet. 

Here are a few concerns that hold back regulating authorities to legalize Bitcoin; 

Still, law enforcement authorities remain concerned over Bitcoin’s popularity among the traders of illegal products. It is suspected that Bitcoin’s secrecy, anonymous transactions, and decentralized nature can be misused in tax evasion structures and black money markets (money laundering). 

Let’s look at the United States first. What is its legal status there?

Despite all these concerns about its use in the illegal trading of goods, the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has 

 Bitcoin as a decentralized virtual currency. They issued a guideline that stated that those who obtain virtual currency and use it to purchase legal goods are not breaking the law. Several websites, such as 

, accept cryptocurrency as a form of payment. Besides these websites, there is an increasing number of merchants across the United States where Bitcoins are accepted as a form of currency.

Besides, the authorities categorizing Bitcoin legal at several instances, the list goes on where nothing seems to be stopping Bitcoin from gaining popularity. Some of these things are: 

Bitcoins are treated as property rather than cash or liquid money. For instance, if you make a purchase using your Bitcoin, you actually traded an asset vs. the commodity or service required. The value of Bitcoin depends upon the market rate at the time of buying or selling. So any profit, or loss is subject to taxation and the pulse of the market.

In January 2020, a US House of Representatives 

 was proposed to exempt taxing Bitcoin transactions, if the gain is up to $200. The bill has not been voted into law yet.

Here is a pick of some other countries where Bitcoin is recognized as being legal.

However, there are several countries around the world where Bitcoin is illegal to some extent. Some in more aspects than others.

There are only a few countries where Bitcoin is illegal in every shape and form. They include Algeria, Bolivia, Egypt, Morocco, and Nepal.

Some limitations that keep cryptographic forms of currency from gaining widespread popularity are the chances that a person’s digital currency fortune could easily be destroyed by a PC crash or that a virtual vault might be unprotected by a programmer. These issues may resolve with time as technology advances. What will be harder to overcome is the essential oddity that besets digital forms of money – the more well-known they become, the more guideline and government investigations they are probably going to attract, which happens to erode the basic reason for their existence. 

The cryptocurrency may be rising in use as a part of the world’s financial system, but it still has to gain the legal authorities’ confidence. It has to provide security and safeguard and preserve user anonymity. If all these areas are satisfied, we may see new avenues open for the world’s biggest cryptocurrency. However, looking at Bitcoin’s current situation, there is little doubt about Bitcoin’s future success. But how successful it can get, may well depend on its legal status in different countries around the world.

The seemingly exponential rise of Bitcoin has created a buzz and triggered many debates globally about the future of cryptocurrency. No matter which way you look at it, however, on a global scale, the popularity of Bitcoin is rising. In the coming years, as it is adopted more into the mainstream, then it isn’t a realistic expectation that more and more countries will fully embrace it legally.

With the new found knowledge in crypto, why not sign up to Bybit?

Is Bitcoin Legal?

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Grab Up to 5,000 USDT in Rewards