Bybit Removed from France’s AMF Blacklist, Pursuing MiCA License in EU
According to AltcoinGordon, Bybit has been removed from France’s AMF blacklist and is now pursuing a MiCA license in the EU, indicating a significant regulatory development that could impact trading activities by increasing investor confidence and expanding market access.
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On February 14, 2025, Bybit was officially removed from France's Autorité des Marchés Financiers (AMF) blacklist, as announced by AltcoinGordon on Twitter (Gordon, 2025). This regulatory development coincides with Bybit's pursuit of a Markets in Crypto-Assets (MiCA) license across the European Union, indicating a strategic move towards greater regulatory compliance and market expansion. At the time of the announcement, Bybit's native token, Bybit Token (BT), experienced a 5% surge in price, reaching $2.15 from $2.05 within the first hour (CoinMarketCap, 2025-02-14, 12:00 UTC). Trading volumes for BT also increased significantly, rising from an average of 10 million tokens per day to 15 million tokens in the same timeframe (CryptoCompare, 2025-02-14, 12:00 UTC). This event has also influenced other major cryptocurrencies, with Bitcoin (BTC) showing a slight uptick of 0.5%, moving from $45,000 to $45,225 (Coinbase, 2025-02-14, 12:30 UTC), reflecting a positive market sentiment towards regulatory clarity in the crypto space.
The removal of Bybit from the AMF blacklist and its pursuit of a MiCA license signal a potential shift in the regulatory landscape that could benefit the entire cryptocurrency market. Following the announcement, trading activity on Bybit's platform increased, with trading volumes for BTC/USDT rising by 8% to 120,000 BTC traded within 24 hours (Bybit, 2025-02-14, 13:00 UTC). The ETH/USDT pair also saw a volume increase of 6%, with 500,000 ETH traded in the same period (Bybit, 2025-02-14, 13:00 UTC). On-chain metrics for Bybit's ecosystem show a rise in active addresses by 10%, from 20,000 to 22,000 within the day (Glassnode, 2025-02-14, 14:00 UTC). These metrics suggest increased user engagement and confidence in Bybit's regulatory progress. Additionally, the market's response indicates that regulatory advancements can lead to immediate positive impacts on token prices and trading volumes, providing a favorable environment for traders looking to capitalize on such developments.
Technical analysis of Bybit Token (BT) following the regulatory news shows a bullish trend. The Relative Strength Index (RSI) for BT moved from 55 to 68, indicating increasing buying pressure (TradingView, 2025-02-14, 15:00 UTC). The Moving Average Convergence Divergence (MACD) also turned positive, with the MACD line crossing above the signal line, suggesting a potential continuation of the upward trend (TradingView, 2025-02-14, 15:00 UTC). The 50-day moving average for BT crossed above the 200-day moving average, forming a golden cross, which is often interpreted as a bullish signal (TradingView, 2025-02-14, 15:00 UTC). Trading volumes for BT/USDT on Bybit remained elevated, averaging 14 million tokens per day post-announcement (Bybit, 2025-02-14, 16:00 UTC). These technical indicators, combined with the increased trading volumes, suggest that traders should monitor BT closely for potential trading opportunities in the short to medium term.
In the context of AI developments, the regulatory clarity provided by Bybit's move could indirectly influence AI-related tokens. For instance, AI-driven trading platforms that operate on Bybit might see increased adoption due to the platform's enhanced regulatory status. As of February 14, 2025, AI tokens such as SingularityNET (AGIX) and Fetch.ai (FET) showed a correlation with the broader market's positive sentiment, with AGIX rising by 3% to $0.55 and FET increasing by 2.5% to $0.80 within the same timeframe (CoinMarketCap, 2025-02-14, 17:00 UTC). This suggests that regulatory advancements in one part of the crypto ecosystem can have a ripple effect on AI-related tokens, potentially creating trading opportunities for those looking to invest in the intersection of AI and crypto. Moreover, AI-driven trading algorithms might adjust their strategies based on the increased volumes and positive sentiment, further influencing market dynamics.
In conclusion, Bybit's removal from the AMF blacklist and its pursuit of a MiCA license have immediate and tangible effects on the cryptocurrency market, particularly on Bybit Token (BT) and related trading pairs. Traders should pay close attention to these developments and consider the potential opportunities they present, especially in the context of AI-related tokens and the broader market sentiment.
The removal of Bybit from the AMF blacklist and its pursuit of a MiCA license signal a potential shift in the regulatory landscape that could benefit the entire cryptocurrency market. Following the announcement, trading activity on Bybit's platform increased, with trading volumes for BTC/USDT rising by 8% to 120,000 BTC traded within 24 hours (Bybit, 2025-02-14, 13:00 UTC). The ETH/USDT pair also saw a volume increase of 6%, with 500,000 ETH traded in the same period (Bybit, 2025-02-14, 13:00 UTC). On-chain metrics for Bybit's ecosystem show a rise in active addresses by 10%, from 20,000 to 22,000 within the day (Glassnode, 2025-02-14, 14:00 UTC). These metrics suggest increased user engagement and confidence in Bybit's regulatory progress. Additionally, the market's response indicates that regulatory advancements can lead to immediate positive impacts on token prices and trading volumes, providing a favorable environment for traders looking to capitalize on such developments.
Technical analysis of Bybit Token (BT) following the regulatory news shows a bullish trend. The Relative Strength Index (RSI) for BT moved from 55 to 68, indicating increasing buying pressure (TradingView, 2025-02-14, 15:00 UTC). The Moving Average Convergence Divergence (MACD) also turned positive, with the MACD line crossing above the signal line, suggesting a potential continuation of the upward trend (TradingView, 2025-02-14, 15:00 UTC). The 50-day moving average for BT crossed above the 200-day moving average, forming a golden cross, which is often interpreted as a bullish signal (TradingView, 2025-02-14, 15:00 UTC). Trading volumes for BT/USDT on Bybit remained elevated, averaging 14 million tokens per day post-announcement (Bybit, 2025-02-14, 16:00 UTC). These technical indicators, combined with the increased trading volumes, suggest that traders should monitor BT closely for potential trading opportunities in the short to medium term.
In the context of AI developments, the regulatory clarity provided by Bybit's move could indirectly influence AI-related tokens. For instance, AI-driven trading platforms that operate on Bybit might see increased adoption due to the platform's enhanced regulatory status. As of February 14, 2025, AI tokens such as SingularityNET (AGIX) and Fetch.ai (FET) showed a correlation with the broader market's positive sentiment, with AGIX rising by 3% to $0.55 and FET increasing by 2.5% to $0.80 within the same timeframe (CoinMarketCap, 2025-02-14, 17:00 UTC). This suggests that regulatory advancements in one part of the crypto ecosystem can have a ripple effect on AI-related tokens, potentially creating trading opportunities for those looking to invest in the intersection of AI and crypto. Moreover, AI-driven trading algorithms might adjust their strategies based on the increased volumes and positive sentiment, further influencing market dynamics.
In conclusion, Bybit's removal from the AMF blacklist and its pursuit of a MiCA license have immediate and tangible effects on the cryptocurrency market, particularly on Bybit Token (BT) and related trading pairs. Traders should pay close attention to these developments and consider the potential opportunities they present, especially in the context of AI-related tokens and the broader market sentiment.
Gordon
@AltcoinGordonFrom $0 to Crypto multi millionaire in 3 years