Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Master Traders Wanted: Bybit Launches Half-Million USDT Crypto Challenge

DUBAI , UAE , March 1, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, has launched an exclusive derivatives trading challenge featuring USDT—the leading USD-denominated stablecoin—with a substantial prize pool of 500,000 USDT . Throughout March, advanced crypto traders participate in the Bybit USDT Derivatives Trading Challenge for a share of the half-million USDT prize pool. The tiered benefits are as accessible as USDT itself—participants will receive USDT bonuses proportional to their contribution to the event’s total trading volume, regardless of PnL% performance. This inclusive approach ensures both individual qualified traders and institutional participants can earn supplementary rewards beyond their potential trading gains. From now to Mar. 31 , participants may sign up for the event and start accumulating eligible trading volume in USDT derivatives products on Bybit. The more they trade, the larger their share of the prize pool. “This Bybit-exclusive trading challenge demonstrates USDT’s instrumental role in powering sophisticated trading opportunities that were once limited to traditional finance. By fusing Bybit’s professional-grade trading infrastructure with USDT’s stability, we’re empowering traders to unleash their full potential and earn additional rewards while navigating the dynamic world of derivatives trading,” said Joan Han , Sales and Marketing Director at Bybit . With a market cap exceeding $140 billion , USDT has held its throne as the most traded stablecoin since its launch in 2014. By maintaining a steady one-to-one peg with the US dollar, USDT is blockchain’s answer to the need for a stable, borderless medium of exchange. In the fast-moving derivatives markets, USDT offers a trusted anchor for agile trading strategies with the reliability of the US dollar. The central role of USDT in this trading challenge reflects both its dominance in the digital economy and its success in expanding access to sophisticated trading instruments like options and futures, particularly in regions underserved by traditional financial infrastructure. Users may find more about the event, eligibility requirements and other terms and conditions: [USDT Festival] Derivatives Trading Challenge: Trade to Win a Share of 500,000 USDT #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube Cryptoknowmics

---

Good News for Dogecoin (DOGE) Investors: Is $0.5 Still in Play?

TL;DR The crypto market crash this week wiped out billions of dollars as every digital asset plunged hard. However, DOGE managed to remain north of a key support line on the daily scale. This suggests an upcoming rally, according to analysts, and a potential surge by triple digits. The massacre that took place within the past week was nothing short of mindblowing, and meme coins were hit the hardest. Recall that DOGE stood above $0.26 last Friday before the Bybit hack, Trump’s escalating trade war, and the overall market crash started to push it south hard. The culmination came a week later as the largest and oldest meme coin plunged to just over $0.18. This represented a 30% slump within the span of a week. Moreover, DOGE had dumped by 60% since the 2025 peak of $0.44. However, the asset didn’t spend much time below $0.19 and actually managed to reclaim it within hours. This is of particular significance as the $0.19 support line has been described multiple times as crucial for DOGE. If broken, it could result in a price drop to $0.06, which would essentially invalidate the entire bull market narrative. In contrast, a rebound from it could mean a surge to $0.5, as Ali Martinez and other analysts noted on X. To do so, though, DOGE has a long way to go as it needs a 150% surge from this point on in a time when all the hype in the crypto market has evaporated. Still, Dogecoin has proven before that it is able of spectacular price rises in relatively short times. #Dogecoin $DOGE holds above a critical support level! pic.twitter.com/jDNo5aoAdw — Ali (@ali_charts) March 1, 2025 The post Good News for Dogecoin (DOGE) Investors: Is $0.5 Still in Play? appeared first on CryptoPotato . Cryptoknowmics