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Bitcoin trades above $46k ahead of SEC ETF decision: Will it rally higher?

January 11, 2024
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Key takeaways

Bitcoin is buying and selling above $46k as market specialists anticipate the US SEC to approve a spot Bitcoin ETF quickly.

Bitbot’s presale is launching in per week and the challenge seeks to make buying and selling simpler for customers. 

The cryptocurrency market has been performing nicely over the previous few hours, with Bitcoin buying and selling above $46k. With the SEC anticipated to approve a spot Bitcoin ETF quickly, BTC’s value might soar increased quickly.

Bitcoin might soar if the SEC approves a spot Bitcoin ETF

Bitcoin, the world’s main cryptocurrency by market cap, has been performing nicely over the previous few hours. At press time, the value of Bitcoin stands at $46,239, up by greater than 1% within the final 24 hours.

BTC’s value might soar increased over the approaching hours if the US SEC approves the spot Bitcoin ETF functions. 

What’s Bitbot? 

With the bear market now over, buying and selling quantity throughout centralised and decentralised exchanges has massively elevated. Nonetheless, the largest problem for many individuals is how one can commerce cryptocurrencies.

That is the place Bitbot is available in. Bitbot is a self-custodial buying and selling bot that allows customers to commerce through their chilly wallets on Telegram. That is an modern approach of buying and selling as Telegram stays one of many main social media platforms for crypto customers. 

Bitbot will provide customers a variety of highly effective options to assist them develop their buying and selling portfolios by an ultra-intuitive interface constructed on prime of institutional-grade expertise. 

Bitbot’s growth workforce have huge expertise in numerous fields together with conventional finance and blockchain. The workforce has a strong combine important to ship a product that mixes the innovation we’d anticipate for crypto merchants with the method to safety seen in conventional asset buying and selling.

With Bitcoin halving roughly three months away, Bitcoin’s value is anticipated to succeed in a brand new all-time excessive. When that occurs, BTC’s buying and selling quantity will skyrocket and so will different altcoins.

Bitbot’s technological improvements

Bitbot might be a superb device for merchants. If the device good points huge adoption, its native token might develop into one of many largest winners within the present bull run. 

What makes Bitbot an thrilling challenge is that it prioritises safety. The workforce has partnered with Knightsafe to supply a self-custody answer, massively mitigating the everyday dangers related to Telegram buying and selling.

Moreover, 

As well as, Bitbot can even use a part of the funds raised from its presale to develop anti-MEV and anti-rug options for customers to guard their property. These options would assist defend traders from bots artificially pumping transaction prices and block rip-off tasks.

The Bitbot workforce can be engaged on a duplicate buying and selling function that might enable traders to repeat the trades of the strongest performing wallets based mostly on on-chain actions; predicted to be one of the vital well-liked points of the product.

The Bitbot whitepaper accommodates extra details about the challenge’s options, roadmap, and Stable Proof audit. 

Click on right here to learn extra about Bitbot’s upcoming presale. 

Might Bitbot be one of many prime crypto investments this 12 months? 

2024 might be an thrilling interval for the crypto market because the US SEC is anticipated to approve a spot Bitcoin ETF quickly. Moreover, the Bitcoin halving occasion is slated for April.

These occasions might see low-cap gems report huge development and Bitbot might be certainly one of such tasks. 

Bitbot is laying the muse to develop into a superb challenge for cryptocurrency merchants. In line with the workforce, $100k raised from the presale has already been earmarked for a buying and selling competitors on the Bitbot web site in a bid to encourage cryptocurrency buying and selling. 

Bitbot’s presale is slated to begin on January seventeenth, with a beginning value of $0.0100. Bitbot has a complete provide of 1,000,000,000 tokens and 30% of tokens can be offered in a presale throughout 8 phases.

Moreover, 20% of tokens can be held by the Bitbot growth workforce to fund ongoing growth whereas 14% can be for advertising and marketing & CEX listings.

The event workforce are working exhausting to see Bitbot develop into a billion-dollar market cap challenge. If that occurs, early $BITBOT holders have a real alternative to make 100X good points.

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