Bitcoin's Price Officially Breaks $100,000: 4 Key Drivers Behind the Milestone

 has officially crossed the $100,000 mark, setting new all-time highs. Once dismissed by many as a scam or speculative experiment, Bitcoin has grown to become one of the top 20 most valuable assets globally, with a total market cap nearing $2 trillion. Over the past decade, Bitcoin has undergone one of the most significant perception shifts in financial history, with mass media and institutions reversing their skepticism and embracing its potential. The $100K milestone represents more than just a price point—it’s the result of years of increasing mainstream acceptance. Institutional investors are integrating Bitcoin into their portfolios, Bitcoin ETFs are breaking records, favorable global economic trends are driving demand, and political shifts are creating a more supportive environment. Let’s take a closer look at the key factors behind Bitcoin’s rise to over $100,000.

US Bitcoin ETFs: Validation For Traditional Investors

On January 10th, the SEC granted regulatory approval for 11 U.S. Bitcoin exchange-traded funds (ETFs). While European-listed exchange-traded notes (ETNs) had been available for years, the approval and launch of U.S.-based Bitcoin ETFs marked a pivotal moment for Bitcoin. This milestone not only eliminated significant barriers to entry for traditional investors but also reshaped public perception of Bitcoin as a legitimate and regulated financial asset. Here are some highlights.

Macroeconomic Factors: Bitcoin as a Hedge

Global economic conditions have increasingly positioned Bitcoin as an alternative investment for investors looking to protect and grow their wealth. Traditional investment options like bonds and savings accounts have become less attractive due to a combination of low interest rates, rising inflation, and negative real yields in several major economies. These shifts have driven both retail and institutional investors to view Bitcoin as a hedge against economic instability and a store of value, often referred to as digital gold.

Political Support: A Crypto-Friendly Climate

The political and regulatory climate is increasingly tilting in favor of cryptocurrencies, providing strong momentum for Bitcoin's growth. Governments and policymakers worldwide are recognizing the potential of blockchain technology and digital assets, shifting from skepticism to proactive engagement. These political tailwinds, coupled with regulatory advancements, are fostering a more secure and predictable environment for Bitcoin, boosting investor confidence.

Continued Institutional Adoption: Bitcoin Goes Mainstream

Institutional investors and corporations are driving Bitcoin’s transformation from a niche digital asset to a widely accepted investment and financial tool. Seen as a hedge against inflation, a store of value, and an alternative to traditional financial instruments, Bitcoin’s appeal has surged among major players in the financial world. This growing adoption is a key factor in Bitcoin’s price reaching new highs, underpinned by its integration into treasury strategies, investment portfolios, and payment systems.

Conclusion: Your Opportunity to Join the Bitcoin Momentum

As Bitcoin soars past the $100,000 pricepoint and sets the stage for further growth, there’s no better time to take your trading to the next level. Bybit (powered by SATOS) invites Dutch traders to participate in our 

, where you can can win an VIP trial to enjoy 

This exclusive event is your chance to experience Bybit’s industry-leading VIP Program while capitalizing on Bitcoin’s historic rise. Don’t miss out—

Intermediate

Bitcoin at.jpg

Bitcoin Officially Breaks $100,000: 4 Key Drivers Behind the Milestone

Ondo Finance has launched a new institutional-grade bridging solution for tokenized real-world assets (RWAs), leveraging LayerZero’s decentralized verifier network (DVN) for enhanced security.

The S&P 500 rose 0.57% to a record high, driven by investor focus on upcoming inflation data, despite concerns over new tariff threats and the Federal Reserve's cautious stance on rate cuts.  Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.60%, with Bitcoin and Ether dropping by 4.08% and 3.27%, respectively in the past 24 hours.

Today's top performer is FTM, which surged 9.9% following Sonic Labs' partnership with OctavFi for advanced on-chain financial management.

Sonic Labs (FTM), founded in 2018, formerly known as Fantom Foundation, supports the development of Sonic, a new layer-1 blockchain designed for fast, efficient transactions and secure connectivity to Ethereum. It focuses on creating decentralized applications and managing governance for the Sonic ecosystem, which is set to launch later in the year. 

 to bring institutional-level financial management, advanced on-chain treasury management, and financial reporting to its protocols.

Check Out the Latest Prices, Charts, and Data of 

 a new institutional-grade bridging solution for tokenized real-world assets (RWAs), leveraging LayerZero’s decentralized verifier network (DVN) for enhanced security. This solution enables seamless transfers of USDY, Ondo’s yield-bearing tokenized US Treasuries, across Ethereum, Arbitrum, and Mantle. The bridging architecture incorporates trusted bridge providers like PolyhedraZK and Axelar, along with Ondo’s own DVN, ensuring secure and decentralized transaction validation. The integration is available now via Ondo’s frontend and Stargate Finance, with support for additional chains planned.

Yesterday, BTC spot ETF flows recorded a total outflow of $122.8M, including $36.1M from GBTC and $86.7M from non-GBTC funds.

Check Out the Latest Prices, Charts, and Data of  

, requiring wallet and social handle registration by Dec 2, 2024, 2 PM UTC. Eligibility criteria include completing 3 transactions across 2 apps on Movement's testnets and finishing Road to Parthenon quests. After TGE, users can claim MOVE tokens on Ethereum Mainnet or Movement Mainnet, with the latter offering a 1.25x multiplier. More airdrop seasons will follow post-mainnet launch.

Beginner

EN 1.png

Ondo Launches Institutional-Grade Bridging for Tokenized RWAs with LayerZero Security

How to Use the Bybit Card to Earn 15% Cashback on Top of All Black Friday Deals

Originally an American tradition, Black Friday has evolved into a global shopping event and is now a significant date in the Dutch retail calendar. In the Netherlands, Black Friday has grown in popularity, with major retailers like Bol.com, Coolblue, MediaMarkt, and Bijenkorf offering deals across a wide range of products.

As a nation known for valuing savings, Black Friday provides an excellent opportunity to stack discounts and maximize value. Bybit's Black Friday Card Promotion adds an extra layer of savings with 

 on both online and offline purchases. Explore how the Bybit Card works, along with practical examples of savings during Black Friday shopping, to make the most of this year’s event.

How Can You Take Part in This Black Friday Promotion?

Joining the Bybit Black Friday Promotion is simple! Follow these steps to start earning 

 ontop of all your Black Friday deals Weekend:

Practical Examples of Savings With Bybit Card

Simply input your Bybit Card details at checkout or use instant payment methods like 

 to complete your online purchases seamlessly. Cashback is automatically applied to your account, making savings effortless.

For offline purchases, use your Bybit Card as a physical card or digitally through 

. As long as the store accepts PIN payments, you’ll earn cashback rewards instantly.

After the Black Friday promotion ends, the Bybit Card reverts to its 

 offer, allowing you to save on all your purchases through the rest of the year. Whether you’re buying Sinterklaas gifts, stocking up for Christmas, or grabbing post-holiday deals, the savings keep rolling in.

The Bybit Card is your ticket to maximizing savings on the biggest shopping day of the year. From tech to festive essentials, every purchase becomes more rewarding.

Learn more about the Bybit Card Black Friday Promotion 

Copy of Bybit Dutch_2406-T28786_Daily Bits_1600x900 (3).png

How Can You Use the Bybit Card to Earn 15% Cashback on Top of All Black Friday Deals?

Bitcoin Hits New All-Time Highs: 8 Things Trump Is Saying About Cryptocurrency and What It Means for Bitcoin and Altcoins

With Bitcoin and the total cryptocurrency market cap surging to highs- returning to its 2021 peak—many are attributing this renewed bullish momentum to Donald Trump’s recent U.S. election victory. In this article, we’ll explore 8 key promises and policies Trump has put forth for the sector and the potential impact on both blue chip and meme coin cryptocurrencies.

Donald Trump & Crypto: The Bull Case for The Sector

The newly elected U.S. President, Donald Trump, has outlined a series of plans for the cryptocurrency sector, signaling major shifts in U.S. policy. With the United States accounting for approximately 

, U.S. policy and leadership play a significant role in shaping the sector. Here are eight key takeaways and promises from his proposed initiatives:

These factors collectively contribute to a positive outlook for the cryptocurrency sector under the current administration.

The election outcome has also positively influenced blue-chip cryptocurrencies:

Trump's win has significantly impacted the meme-coin sector. Following the victory,

 surged by 145%, outperforming Bitcoin and Ethereum in growth. This rally reflects heightened speculation that Trump's pro-crypto regulatory stance could indirectly support meme-coins, which are often driven by community engagement and viral appeal. Meme-coins, while volatile, present high-risk, high-reward opportunities, and recent events have drawn increased attention from traders looking to capitalize on this momentum.

Capitalizing on Trump’s Win and Riding the Crypto Wave

With the markets heating up and Bitcoin breaking new all-time highs, are your friends and family asking about how to get started with crypto? Now’s the perfect time to help them dive in—and earn exclusive rewards while you’re at it—with

Bybit Referral Rush: Exclusive Rewards for the Netherlands

During the Referral Rush, Dutch users can invite friends and earn exclusive bonuses alongside the standard Bybit Referral Program rewards:

Get referral rewards and a 30% commission on transactions made by your referees across Spot, Copy Trading, and Bybit Card. Your referees must deposit and trade to qualify.

 Each friend you invite will earn an additional 100 USDT, a special reward just for Dutch users.

 Earn 20 USDT for every successful Bybit Card referral.

Help your friends and family get started in crypto, and let the rewards stack up! Whether it’s trading, using the Bybit Card, or exploring spot trading, your referrals earn rewards—and so do you!

Ready to start sharing the benefits of crypto? Invite now and unlock rewards for you and your friends 

Copy of Bybit Dutch_2406-T28786_Daily Bits_1600x900 (2).png

Bybit Learn

Trading

Bybit Trading Bot

Grid trading strategy is ideal for the sideways market, and it's easily automated. It requires little forecasting of market direction, but it's also easy to be executed.

bybit_trading_bot_infographic.png

With the prices of cryptocurrencies swinging widely within minutes and markets opening 24 hours every day, it's hard for traders to keep up.

For starters, crypto traders may not be able to react quickly enough to take advantage of opportunities to profit from rapid price swings. Furthermore, delays in transactions or exchange executions further worsen the problem. T

raders cannot monitor all the crypto exchanges and global markets round the clock to achieve optimal trading results. 

Fortunately, this is the age of automation. For many investors, bots (short for robots) that run bits of code to trade and execute transactions offer solutions to these problems. 

This article will look at the grid trading bot — a bot that adopts the grid trading strategy — how it works, and its benefits to users. 

Grid trading is a trading strategy that involves placing orders above and below a set price using a “price grid” of orders. The price grid consists of orders at incrementally increasing and decreasing prices. For instance, you may set buy orders at every $500 below the current market price of ETH, and sell orders every $500 above ETH’s current price. The grid trading bot automatically buys when the price falls to the predetermined level, and again if the price drops by another $500. The reverse occurs when the price of ETH starts to climb. 

The basic premise of this strategy is to repeatedly buy at the pre-specified price, and then sell the position when the price rises above that level. Conversely, you can sell at a predetermined price point and wait for the price to fall to a set level and buy — repeatedly.

A grid trading strategy is easily automated, and valuable for forex currency trading and crypto trading. It’s especially useful when prices move within a specific range or a “sideways market,” where assets fluctuate within a tight range for an extended time without going in a particular direction. Prices oscillate within the borders of price support and resistance.

Grid trading strategies attempt to make money whenever the price of an asset changes. However, there’s a trade-off: The more orders a grid trading system has, the higher the trading frequency and, consequently, the lower the profit from each order. 

Bybit has finalized plans to introduce a built-in grid trading bot in its trading mechanics. Users can easily automate buy and sell orders placed at predetermined intervals by customizing the grid limits — upper and lower — and the number of grids. Once the set-up is complete, the system will automatically buy or sell orders at these preset prices.

Crypto trading can be taxing and time-intensive. However, when properly deployed, bots can take away some of the hassles while optimizing your profits. Here are ten reasons you need a grid trading bot so you can profit in both Spot and Futures markets.

Using a grid trading bot, you can enter positions at levels you might not be able to achieve by trading manually. Without the need to continuously monitor price fluctuations, you can have orders at several low entry points. Conversely, you’ll also be placing orders to be executed at higher selling levels, or placing the trades at extreme levels.

The grid trading bot is straightforward to use and easily customizable. Once you sign up, you can configure the parameters as you wish. Generally, you can adjust the upper and lower limits of the price range, and set the number of orders the bot can place within this price range, as well as the width between each buy-sell limit order.

Users don't need to know or calculate complex metrics and measurements, or study market indicators. Since it's “plug and play,” anyone without extensive crypto trading experience can set up a grid trading bot in minutes. The underlying grid strategy doesn’t require new traders to understand complex market signals, indicators, and algorithms.

Grid trading bots lend themselves to a high level of automation. This is because the underlying trading strategy is highly logical. Bots are designed to perform predetermined tasks unrelated to the market sentiments and trends. Grid trading bots efficiently employ the grid trading strategy, which would be too intricate to execute with manual trading.

Since grid trading bots are easy to set up and use, they can be used in virtually any currency market. It’s a great starting point for traders who don’t plan to monitor the market constantly.

4. Turn strategies into profit during a quiet market

Grid trading bots have the unique advantage of turning a profit in a time of market doldrums. Deservedly, cryptocurrencies have earned a reputation for volatility. But now and then, the markets trade within a range, though they might still move wildly within that range. Rather than have your crypto assets hibernate along with the market, you can use grid trading strategies to capitalize on a market where you may not have much conviction.

A grid trading bot can help you enhance your risk management capabilities. The settings you configure directly impact your profitability. Most importantly, it gives you control over the risk-reward level.

You can earn a small but steady profit with minimal risks when you bet on stablecoin pairs involving USD tether, for example. Conversely, you can choose to whet your risk appetite and go for bigger stakes and chunkier returns, trading coins with low market cap and high volatility.

The ability of trading bots to adjust your risks in line with your appetite is an excellent tool for enhancing your risk management skills.

Using the grid trading strategy via bots essentially means you provide much-needed liquidity for the exchange. You increase the market liquidity of the exchange by placing buy and sell orders, which makes grid trading an excellent strategy for market making. The bot can provide liquidity on a specific cryptocurrency by placing a bid-and-ask limit order on an exchange.

Grid trading bots ensure you'll pay the maker fee as well because makers provide liquidity to an exchange by "creating or making a market" for other traders. In contrast, takers remove liquidity by “taking” available orders. Maker fees are usually lower to incentivize market makers. Since a grid trading strategy provides liquidity, users pay the lower maker fees.

Illiquid markets with thin order books (order books with fewer offers at different price levels, which increase slippage) tend to benefit from a grid trading strategy. They’re marked by large price spikes, which occur frequently. The grid trading bot eats up these spikes by providing liquidity and converting them into profit for the trader. This also helps anyone trading the illiquid pair try to get a fair price.

Grid trading bots can be used in any market, and with reasonable potential to make a profit. They’re versatile — because the core underlying strategy proceeds based on the idea of buying low and selling high (and pocketing the difference). Thus, grid trading bots can trade profitably without being affected by market sentiments and trends.

You also have the liberty of configuring the bot and selecting prices ranges and the number of grids, which helps you define the frequency and period. You can tweak the bot for the short term, where it makes small profits by trading frequently in a short interval. Or you can set it up to run for longer periods with less frequency, and earn profit from more significant price shifts.

Grid trading bots can help you earn some extra profit if you intend to hold on to two exchangeable assets for the long haul. One of the primary tenets of investing is diversification, which is spreading your funds among multiple assets, rather than a single one. Rather than simply holding, you can earn extra profit by using the grid trading strategy to make more money from the fluctuations between the prices of the multiple assets in your portfolio. 

9. Suitable for both short- and long-term trading

Grid trading as a strategy has been used in other types of markets, such as forex. 

All kinds of traders — including scalpers, day traders, swing traders and position traders — can take advantage of grid trading bots for managing risk and maximizing profits. 

Traders who prefer quick returns can set up the trading bot to function for the short term, catching hundreds of trades from the small price movements within a short period. Long-term traders can set up a huge grid range in which trades can run for a longer period, ranging from weeks to months. 

Naturally, traders are prone to many emotions — including anger, greed, and fear — when money is involved. It’s challenging to keep these unbridled emotions in check when trading manually. Grid trading bots can help implement a rule-based grid strategy, minimizing the involvement of emotions in trading. 

Trading bots operate according to a defined set of rules, like fixed profit taking or stop-loss points. If you’re planning to employ a consistent strategy, grid trading bots are useful for carrying out disciplined and controlled trades. 

Grid trading bots are automated trading tools that adopt the grid trading strategy, a trading system that allows you to profit by placing a series of long or short orders at predetermined intervals around a set price, creating a trading grid. Easy to use and set up, these bots can help you execute trades profitably and efficiently, saving you money, time — and stress. Get started with by creating your own 

We hope this Bybit trading bot guide has been useful for you in your pursuit of automated investing and trading. Here's all the facts about our trading bots, summarized in one simple infographic.

10 Reasons Why You Need to Use a Grid Trading Bot

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards