Key takeaways
Bitcoin continues to battle under $62k and will plunge decrease within the brief time period.
Bitbot has raised $3.3m up to now, with solely two phases of the presale left.
Bitcoin stays under $62k
Bitcoin has been struggling in latest weeks and will report additional losses if the market situation persists. At press time, the value of Bitcoin stands at $61,254, down by than 5% within the final seven days.
The poor efficiency comes because the US Federal Reserve lately dashed hopes of chopping rates of interest within the brief time period. Threat-averse property like Bitcoin proceed to underperform with the rate of interest nonetheless excessive.
What’s Bitbot?
Bitcoin’s boring value efficiency hasn’t affected different actions within the broader crypto market. Presales and airdrops proceed to draw the eye of Degens and different business members.
Bitbot is likely one of the tasks that’s elevating capital from traders to deal with sure ache factors available in the market. It’s a Web3 challenge that seeks to deliver distinctive worth propositions to merchants within the cryptocurrency area. It’s a Telegram buying and selling bot that places the facility within the palms of the consumer.
In line with their whitepaper, the crew describes Bitbot as a self-custodial buying and selling bot that allows customers to commerce by way of their chilly wallets on Telegram. The answer gives merchants with an progressive method of buying and selling and is leveraging Telegram’s place as a number one social media platform for crypto customers.
Bitbot customers will get pleasure from sure options accessible solely to institutional traders, making it simpler for merchants to develop their buying and selling portfolios.
Bitbot’s tech targets retail merchants
Bitbot is rolling out tech options that would assist retail merchants excel within the cryptocurrency market. In line with their whitepaper, Bitbot will leverage the Knightsafe to supply a self-custody answer. This answer helps in mitigating the standard dangers related to Telegram buying and selling.
Moreover, the combination of anti-MEV and anti-rug options will assist customers defend their property. These options would guarantee merchants defend their information and property from bots artificially pumping transaction prices and block rip-off tasks.
With greater than $3.3 million raised up to now, a few of the presale funds can be channeled in the direction of integrating Extremely-flexible pockets administration fuelled by non-custodial API expertise.
Lastly, Bitbot will even allow the Cop Buying and selling characteristic, permitting novice merchants to repeat the trades of the strongest-performing wallets based mostly on on-chain actions.
Bitbot’s presale tops $3.3m
The Bitbot presale is at the moment in its tenth stage and is drawing nearer to its finish. To this point, the challenge has raised $3,337,931 of the required $3,546,000 on this present stage. In line with the crew, there are solely two presale phases left.
The $BITBOT token goes for $0.0180 within the present presale spherical and can improve to $0.0189 as soon as the subsequent spherical commences.
The whitepaper indicated that the Bitbot growth crew will maintain 20% of the full token provide and use it to fund ongoing growth. An extra 14% is allotted to advertising & CEX listings whereas 3% is allotted to alternate liquidity provision.
Click on right here to learn extra about Bitbot’s upcoming presale.
Do you have to purchase the Bitbot token now?
There are solely two phases left on this presale, which suggests the chance to speculate early on this challenge is slipping away. Bitbot’s presale continues to draw extra traders regardless of the uneven market circumstances.
Bitbot is trying to acquire huge adoption available in the market by providing distinctive applied sciences that may permit merchants to enhance their buying and selling actions. Its native token might be an enormous winner within the coming months and years with the proper degree of adoption.
