Hong Kong’s spot ETFs report drives BTC greater; traders pile into Bitbot presale

• Bitcoin worth has flipped above $70,000, whereas Ethereum is above $3,500.
• That is after information that Hong Kong is more likely to approve its first spot Bitcoin and Ethereum ETFs as quickly as early subsequent week.
• Bitbot (BITBOT) is nearing the $2.3 million mark in presale amid investor curiosity.

Bitcoin is buying and selling up, at the moment inexperienced as worth hovers above $70,900. The main cryptocurrency’s potential to interrupt out to a brand new all-time excessive has acquired a brand new increase as stories emerge Hong Kong is ready to approve its first spot Bitcoin ETFs.

BTC’s upside flip is more likely to push different altcoins greater, and one of many new tokens attracting essentially the most consideration is Bitbot (BITBOT).

Is Bitcoin (BTC) set to blow up subsequent week?

There are stories that Hong Kong might approve the primary spot Bitcoin and Ethereum ETFs within the area as early as Monday.

A Bloomberg report on Friday quotes sources as saying that the Securities and Futures Fee (SFC) is ready to present it nod, simply days after main Chinese language funds utilized to concern spot Bitcoin ETFs.

Whereas Hong Kong’s resolution shouldn’t be formally communicated as of writing, there’s rising positivity out there already. In January 2024, when the US Securities and Change Fee (SEC) accepted the primary spot Bitcoin ETFs, the worth of BTC skyrocketed amid large demand.

BTC reached its ATH of $73,737 in March, driving halving and spot ETFs sentiment. The SEC has known as for public participation on spot ETH ETFs.

As we speak’s information has seen the bellwether crypto flip from lows of $69,500 to at the moment commerce above $70,900. Ethereum has additionally gained barely, at the moment hovering above $3,520.

Ought to the ETFs draw inflows as witnessed with BlackRock’s IBIT and others, there’s potential for BTC, ETH and different cash to rally in coming weeks.

Additionally more likely to appeal to investor are new tokens that might faucet into the general market power and particular fundamentals to emerge as high performers out there in 2024 and past.

Bitbot: Pioneering non-custodial buying and selling bot on Telegram

BitBot is the pioneering non-custodial crypto buying and selling bot, poised to enter the crypto market at a time merchants are eager on out there alternatives.

Whereas competing Telegram buying and selling bots are custodial options – that’s they management customers’ non-public keys and thus maintain their property – Bitbot takes the strategy of ‘not your keys, not your property.” Briefly, Bitbot is the place a Telegram bot person has the total management of their non-public keys and pockets.

Safety is vital to crypto merchants, who sadly have needed to study the exhausting manner given incidents involving high bots reminiscent of Unibot and Banana Gun.

By specializing in safety via its partnership with Knightsafe, Bitbot has taken an early lead towards potential rival buying and selling apps.

Bitbot app’s AI capabilities add to the superior outlook, with customers capable of entry all of the superior institutional-grade buying and selling instruments that make buying and selling by way of bots such an enormous market within the crypto area.

Bitbot provides all of those, together with commerce sniping, gem scanner, copy buying and selling and automatic execution, with out compromising on person safety and comfort.

Bitbot presale surpasses $2.2 million amid investor curiosity

The native BITBOT token is in presale and customers will get entry to advantages reminiscent of revenue-sharing, buying and selling reductions and airdrops. Presale members can purchase BITBOT on the nonetheless closely discounted worth of $0.0155 in stage 10.

Early chook traders have pushed the presale to close $2.3 million. Notably, there’s simply 5 phases to go earlier than Bitbot hits the ultimate stage 15 and tokens debut out there. This could possibly be at a time when Bitcoin and Ethereum are in parabolic mode.

Which means present presale costs could possibly be an actual discount and alternative.

To study extra go to the Bitbot web site.