Bitcoin nonetheless struggling round $61k: Will it dip decrease?

Key takeaways

• Bitcoin continues to wrestle beneath $62k and will plunge decrease within the brief time period.
• Bitbot has raised $3.3m to this point, with solely two phases of the presale left.

Bitcoin stays beneath $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 % within the final seven days.

The poor efficiency comes because the US Federal Reserve lately dashed hopes of slicing rates of interest within the brief time period. Threat-averse belongings 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 contributors. 

Bitbot is likely one of the initiatives that’s elevating capital from traders to handle sure ache factors out there. It’s a Web3 undertaking that seeks to convey distinctive worth propositions to merchants within the cryptocurrency area. It’s a Telegram buying and selling bot that places the facility within the fingers of the consumer. 

In accordance with their whitepaper, the crew describes Bitbot as a self-custodial buying and selling bot that permits customers to commerce by way of their chilly wallets on Telegram. The answer supplies merchants with an progressive approach of buying and selling and is leveraging Telegram’s place as a number one social media platform for crypto customers. 

Bitbot customers will take pleasure in 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 might assist retail merchants excel within the cryptocurrency market. In accordance with their whitepaper, Bitbot will leverage the Knightsafe to supply a self-custody answer. This answer helps in mitigating the everyday dangers related to Telegram buying and selling.

Moreover, the combination of anti-MEV and anti-rug options will assist customers shield their belongings. These options would guarantee merchants shield their knowledge and belongings from bots artificially pumping transaction prices and block rip-off initiatives.

With greater than $3.3 million raised to this point, a few of the presale funds will likely be channeled in the direction of integrating Extremely-flexible pockets administration fuelled by non-custodial API know-how. 

Lastly, Bitbot will even allow the Cop Buying and selling function, permitting novice merchants to repeat the trades of the strongest-performing wallets primarily based on on-chain actions.

Bitbot’s presale tops $3.3m

The Bitbot presale is at present in its tenth stage and is drawing nearer to its finish. Thus far, the undertaking has raised $3,337,931 of the required $3,546,000 on this present stage. In accordance with the crew, there are solely two presale phases left.

The $BITBOT token goes for $0.0180 within the present presale spherical and can enhance to $0.0189 as soon as the following spherical commences. 

The whitepaper indicated that the Bitbot improvement crew will maintain 20% of the entire token provide and use it to fund ongoing improvement. A further 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. 

Must you purchase the Bitbot token now? 

There are solely two phases left on this presale, which suggests the chance to take a position early on this undertaking is slipping away. Bitbot’s presale continues to draw extra traders regardless of the uneven market circumstances.

Bitbot is trying to acquire large adoption out there by providing distinctive applied sciences that might permit merchants to enhance their buying and selling actions. Its native token might be a giant winner within the coming months and years with the proper degree of adoption.