One week after its first attempt, bitcoin ( BTC ) is once again approaching the $100,000 milestone on Friday as crypto prices surged higher alongside the return of U.S. traders following Thanksgiving. The Coindesk Bitcoin Index climbed to a $98,690 session high during early U.S. hours, advancing 3.3% over the past 24 hours. The broad-market CoinDesk 20 Index surged 6.2% during the same period, indicating that altcoins led the advance. XRP, ADA, RENDER and HBAR booked double-digit gains during the day. Traditional U.S. markets are having a shortened session today after being closed on Thursday`s holiday. U.S.-listed bitcoin miners — which don`t always rise just because the price of bitcoin gains —, are moving higher, led by Bitdeer`s (BTDR) 15% advance to notch a fresh all-time high above $14. Major miners including MARA Holdings (MARA), Riot Platforms (RIOT), were all up 5%-10% in the first hours of the session. Crypto equities Coinbase (COIN), MicroStrategy (MSTR) and Semler Scientific (SMLR) lagged behind the miners. Bitcoin futures on the Chicago Mercantile Exchange (CME) briefly surpassed the $100,000 level during the day before slightly retreating, per TradingView data. That`s the second occasion after first hitting the milestone last Friday. The price premium on futures relative to the spot market suggests strong institutional participation, with open interest for bitcoin CME futures sitting at all-time high levels. The Coinbase Price Premium, which measures BTC spot price on Coinbase relative to the off-shore exchange Binance, also bounced back to positive territory since bitcoin pulled back below $91,000 earlier this week. The Coinbase Premium underscores that the rally is primarily driven by American market participants. "Judging by order size, Coinbase whales are driving this bitcoin rally," Ki Young Ju, CEO of CryptoQuant, said in an X post .
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Bybit Web3 Celebrates SpaceS Milestone: Over 2.5 Million Members in the TON Ecosystem and Joins The Open League
Dubai, United Arab Emirates, November 29th, 2024, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is marking new milestones of Web3 growth in the TON ecosystem. Bybit Web3’s organic integrations of The Open Network (TON) have supercharged the expansion of its Web3 universe, spearheaded by the success of SpaceS , the first fly-to-earn and meme-filled Telegram game led by Bybit Web3. Building on the momentum, Bybit Web3 will also be joining Season 7 of The Open League , contributing to the enrichment of the The Open Network for everyone. Unlocking Cult Status: The Rise of SpaceS Since its launch in late October, the eclectic SpaceS game has amassed over 2.5 million members in the community. Over 3.4 million monthly active users gravitated towards the Telegram game bot, catapulting the mini game to top spots in the Telegram Game Bot rankings in its first month. Continuing the momentum, SpaceS has announced the launch of a new season, Alliance Edition , unlocking seamless access between trending Telegram games for players. Alliance Edition allows users to fly into SpaceS directly from popular projects like Major, Catizen, Yescoin, RIverland, Boinkers, Cat Gold Miner , and more, reaping benefits from the entire Telegram gaming ecosystem. By playing these games, users can unlock exclusive project rewards—all while exploring a growing network of Telegram’s most engaging games. More opportunities to earn in the Alliance Edition: Smoother Gameplay: Users get to enjoy an enhanced gaming experience. Diverse Tasks for Points: Users may earn more points by completing tasks from partners and Bybit Web3, and sharing their Telegram story while exploring different games. Seasonal Supply Boxes are reset every season, with options to share and earn additional points. Referral System: Users may unlock a bonus of 800 points per referral and boost multipliers. The Open League Opens Season 7 with Bybit Web3 Bybit Web3 is also opening another front of community engagements and user experience by joining Season 7 of The Open League. A brainchild of the TON Foundation, The Open League is a powerful gaming platform on the TON blockchain that supports and incentivizes creators and participants in the TON ecosystem. By joining The Open League, Bybit Web3 aspires to redefine engagements and growth in Web3 with TON. The instant popularity of SpaceS and The Open League’s well-established status as a rewarding platform position the partners to shape the future of interactions in Web3 by championing long-term value for users and Web3 projects alike. Leveraging TON’s game-changing potential in Web3, Bybit Web3’s first venture into the TON gaming space commenced a new chapter of rewarding participation, driving adoption, and strengthening connections between the 1 billion users across Bybit, TON and Telegram’s ecosystems. “We’re absolutely excited to see SpaceS soar to new heights, attracting over 2.5 million members,” added Emily Bao, Head of Spot and Web3 of Bybit . This is a testament to the power of DeFi and GameFi to revolutionize the way we interact with Web2 and Web3 communities. By joining forces with The Open Network, we’re poised to push the boundaries of Web3 innovation. Let’s celebrate this exciting partnership and the bright future it holds!” “I believe this partnership has the potential to significantly influence the development of decentralized entertainment and engagement. Bybit’s integration with TON illustrates the immense potential of combining gaming experiences with decentralized ecosystems, and is another big leap forward for engagement in Web3,” said Alena Shmalko, Ecosystem Lead at TON Foundation. “The success of SpaceS showcases the scalability and vibrancy of TON’s ecosystem, and Bybit’s participation in season seven of The Open League represents another aspect in which we’re working together to deliver value to users while further building out an interconnected universe.” #Bybit / #TheCryptoArk / #BybitWeb3 About Bybit Web3 Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally. Join the revolution now and open the door to your Web3 future with Bybit. For more details about Bybit Web3, please visit Bybit Web3. Contact Head of PR Tony Au Bybit tony.au@bybit.com CoinDesk
Bitcoin faces sell pressure: Will THESE demand levels prevent a freefall?
Bitcoin’s [BTC] recent gains could diminish as sellers take control. CoinDesk