Bybit News: Cryptocurrency Market Consolidates with BTC at $89K Amid Macroeconomic Uncertainty

Today’s Crypto Market: BTC at $89K, Trump Trade War Effect

Today, the broader cryptocurrency market is in consolidation territory with slight rebounds following recent impressive gains. Over the past 24 hours, the crypto’s market capitalization rose by 6.47% to $2.95 trillion. The transaction volume decreased by 15.34% to $149.96 billion. The fear and greed index decreased to 20, showing extreme fear among traders and investors due to macroeconomic uncertainty and recent price fluctuations. Among the gainers today: AAVE, BCH, and tagged coin BTC. Bybit announced the listing of ELX but later deleted the tweet.

Bybit Lists USDtb, Bringing Institutional-Grade Stability to Crypto Traders

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has become the first platform to list USDtb, a blockchain-based USD stablecoin created and managed by Ethena Labs, on its Spot exchange. USDtb combines the liquidity of stablecoins with the security and transparency of institutional-grade U.S. Treasury assets. It is backed primarily by BlackRock’s USD Institutional Digital Liquidity Fund Token (BUIDL), which holds 100% of its assets in cash, U.S. Treasury Bills, and other short-term U.S. government obligations. This conservative and transparent backing makes USDtb a compelling option for investors seeking both stability and yield in the digital asset ecosystem.