Latest news with #AVAX
Cision Canada
an hour ago
- Business
- Cision Canada
Bybit Card Exclusive: Up to $150 Cashback for Hassle-Free Crypto Spending
DUBAI, UAE, June 6, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, continues its advance in the crypto payment space with a limited-time campaign for the Bybit Card. Exclusive to new global users of Bybit Card, the new promotion unlocks 10% cashback in its new phase of global expansion. The evolving payment solution eliminates traditional boundaries between digital assets and real-world transactions across markets. Championing crypto freedom, the Bybit Card elevates global convenience and access to premium events and partnerships for the crypto community wherever they are headed. Since celebrating its second anniversary at Bybit's Dubai headquarters, the Bybit Card has unlocked for its users exclusive benefits at the Grand Millennium Hotel in Dubai, and subscription perks for selected AI tools and streaming services. 30-Day Incentive: All Spending Categories Accepted Eligible for global users with more international markets unlocked, the new cashback scheme potentially offers new users an extra $150 in rewards in three simple steps: Applying for a Bybit Card subject to verification and approval Making a first-time deposit equivalent to $100 in value Spending on eligible crypto transactions with the new Bybit Card in the next 30 days for 10% cashback on all eligible transactions Existing Bybit users may also enjoy the same cashback rate up to $75 during the promotional period. Global Accessibility, Unmatched Convenience The Bybit Card serves nearly 2 million users worldwide as a gateway for secure and instant crypto spending at over 90 million global touchpoints. More than a payment tool, it also offers earning opportunities through cashback, rewards, and APR on crypto balances. Incorporating crypto into their way of life in everyday spending, Bybit Card holders can tap or swipe to pay in an instant around the world. Whether they are booking a flight with Cathay Pacific or sipping a cocktail at the Ritz, users stand to get 10% back with the Bybit Card. Key Features: Crypto convenience: seamless spending in crypto, and cash withdrawals from supported ATMs around the world with the physical card available to Mastercard holders. No annual fees and up to 8% APR on balances. Year-round perks: 100% rebates on subscriptions including Netflix, Spotify, and selected AI tools, airport lounge access, and other benefits refreshed seasonally Multi-asset support: USDC, USDT, BTC, ETH, AVAX, and more. The promotion is on a first-come, first served basis for a limited time only. Terms and conditions apply. For full benefits and more exclusive rewards, users may explore: Bybit Crypto Card: Your Ultimate Crypto Debit Card. #Bybit / #TheCryptoArk / #TheBybitCard About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 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
Yahoo
10 hours ago
- Business
- Yahoo
AVAX Drops 5%, Forming Bearish Pattern on Short Time Frame
Avalanche's AVAX AVAX token experienced significant price fluctuation in the short term, trading within a 5.5% range between $21.16 and $19.98. Bears remain in control despite intermittent support around the $20.10 level. The 18th-largest currency by market capitalization, down 5% over 24 hours, underperformed the CoinDesk 20 — an index of the top 20 cryptocurrencies by market cap, excluding memecoins, stablecoins and exchange coins — which has lost 1.7% in the same period. Technical Analysis • AVAX established a trading range of $1.15 (5.5%) between the high of $21.16 and low of $19.98 over the 24-hour period. • Strong resistance formed at $20.68, with a sharp decline accompanied by the highest volume spike (1.58M). • A modest recovery attempt emerged, pushing price to $20.53, but selling pressure quickly returned. • In the last hour, AVAX dropped from $20.512 to $20.073, representing a 2.14% decline. • A clear bearish pattern formed, pushing price down from $20.39 to $20.22. • Volume spiked dramatically (60,003 units), confirming strong selling momentum. • Price broke below the psychological $20.10 support level with a minor recovery attempt. • Current technical setup shows established resistance at $20.47 and immediate support at $20.00. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Business
- Yahoo
PTSD-Afflicted Crypto Investors Hit the Sell Button After Circle's Euphoric IPO
Is it 2021 all over again? Circle (CRCL) debuted to wild upside action on the New York Stock Exchange on Thursday, its shares more than tripling from the IPO price of $31. The event was the culmination of a long journey for the USDC stablecoin issuer, which had been pursuing an IPO for several years. For the crypto industry, it's certainly a win — a sign of strong traditional investor demand and that under the Trump administration, crypto native firms really do have a path to going public. But cryptocurrencies themselves weren't enthused. Bitcoin BTC slid more than 2% to $102,800, its weakest level in about a month, while the CoinDesk 20 (an index of the top 20 cryptocurrencies by market capitalization except for stablecoins, memecoins and exchange coins) fell over 3%. Leading the selloff are tokens such as SOL, AVAX and AAVE, all lower by roughly 6%. It's too early to tell whether the downtrend will persist in the short, medium or long term, but for industry veterans, it's hard not to see shades of another crypto IPO — that of Coinbase (COIN), which took place on April 14, 2021 and marked a then-epic top of $65,000 for bitcoin. Roughly two months following the COIN debut, bitcoin had plunged nearly 60% to about the $28,000 level. A sharp autumn bounce in prices did have bitcoin again re-claiming that $65,000 level, but the selling quickly took hold once again. A brutal bear market ensued through late 2021 and throughout 2022, with bitcoin ultimately bottoming at around $15,000. Bitcoin wouldn't reclaim a fresh record price until March 2024, nearly three years after the Coinbase in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
Markets went red on Friday on renewed tariff-related apprehensions. Bitcoin BTC is down 2.1% in the last 24 hours, trading just above $104,000 after briefly hitting a session low of $103,900. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, except for stablecoins, memecoins and exchange coins — slumped even further, by 4.2%. Smart contract platforms were particularly affected, with solana SOL, sui SUI and avalanche AVAX losing 6.3%, 7.8% and 7.3% respectively. Crypto stocks also took a hit, especially bitcoin mining firm Bitdeer (BTDR), down 8.3% on the day after a run-up that saw the stock rise 132% from April 16 to May 21. Strategy (MSTR) slid 2.7%, and Coinbase (COIN) 1.3%. The bleeding wasn't contained to crypto. The S&P 500 and Nasdaq are down 1% and 1.5% respectively, while gold lost 0.7%. Behind the price action was the flare-up of U.S. trade tensions once again after an agreement was struck earlier this month. The concerns came after President Donald Trump accused China in a post on Truth Social of "violating" the tariff truce between the countries. Meanwhile, Treasury Secretary Scott Bessent said in a Fox News interview that talks had "stalled" with the Chinese representatives. China, in response, urged the U.S. to "immediately correct its erroneous actions, cease discriminatory restrictions," BBC reported. The cool-off between U.S. and China helped risk assets rally in May, providing a tailwind for BTC to clinch a new record high. The re-escalation now threatens to unwind some of those in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
ATOM Faces High Volatility Amid Notable Price Swings
ATOM saw significant volatility with prices ranging from a high of $4.848 to a low of $4.413. Over the past two hours, fluctuations were observed with peaks at $4.492 and troughs at $4.454. Geopolitical tensions and evolving trade policies influenced ATOM's performance, impacting broader financial markets and cryptocurrency valuations alike. Increasing interest in ATOM and other cryptocurrencies like Avalanche and Polkadot reflect potential June gains, underlined by volume surges and strategic blockchain integrations. In recent observations, ATOM experienced substantial volatility with its price oscillating between highs and lows in a dynamic market setting. A notable price range of $0.435, representing a 9% change, indicates turbulent trading conditions. Significant market activity, especially observed on May 30 with a volume spike to 3.05 million, contrasts with a broader trend of decline in volume, suggesting heightened but selective market interest. This uptick coincides with geopolitical tensions, which not only influence trade policies but also hold sway over inflation and monetary policy decisions. Such macro-level factors present a complex net of influences that investors must navigate. Additionally, microeconomic elements such as burgeoning interest in blockchain-based cryptocurrencies hint at potential breakout performances for ATOM, along with AVAX and DOT. Price range observed: $4.848 (high) to $4.413 (low). - Support level identified around $4.67 with resistance at $4.84. Recent short-term support near $4.45 and resistance at $4.48. Volume surge noted at 3.05 million on May 30, indicating potential market interest. Sign in to access your portfolio
