Key Takeaways
Bitcoin selling pressure continues as BTC falls below $40,000.
Bitcoin, the world’s largest cryptocurrency by market capitalization, has been underperforming over the past few days. Since the Bitcoin exchange-traded fund (ETF) was approved two weeks ago, it has fallen more than 20%.
At the time of reporting, bitcoin price It is down about 1% in the last 24 hours at $39,761. Despite the current bearish trend, market participants still expect the bull market to begin in earnest this year.
that much bitcoin halving There are now less than three months left, which usually signals the start of the Bull Run. As the bull cycle begins this year, Bitcoin and altcoins could record huge gains in the coming months.
What is Bitbot?
The current bearish trend in the market has not affected Bitbot pre-sales. A week has passed since then. Beatbot Pre-sales have begun and we have already crossed a major milestone.
The growing demand for Bitbot tokens can be attributed to its unique value proposition in the market. Bitbot is a Telegram trading bot that puts the power in the hands of users. It is a self-managed trading bot that allows users to trade through Telegram’s cold wallet.
Bitbot leverages Telegram’s position as one of the leading social media platforms for cryptocurrency users to offer an innovative way to trade.
According to the development team, Bitbot will offer numerous powerful features to help traders grow their trading portfolios. This functionality is available at the institutional level, providing access to world-class trading capabilities.
The Bitbot team is comprised of individuals with extensive experience in a variety of fields, including traditional finance and blockchain. With Bitcoin expected to reach new highs in the coming months, that will likely lead to a surge in trading volume in the cryptocurrency market.
Bitbot’s Trading Innovation
Bitbot is committed to developing excellent trading tools for traders. With the right level of adoption, native tokens can become the biggest winners in bull cycles.
An interesting aspect of Bitbot is that the tool prioritizes security. According to the team, Bitbot will work with Knightsafe to provide a self-storage solution. This mitigates the typical risks associated with Telegram trading.
A portion of the funds raised through the pre-sale will be used to develop anti-MEV and anti-lug solutions to help users protect their assets. These features allow traders to protect themselves from bots that artificially pump trading costs and block fraudulent projects.
Beatbot It uses highly flexible wallet management based on non-custodial API technology. The trading tool also uses an open-source smart contract wallet, providing users with a superior level of security for a non-custodial solution.
Bitbot is developing a copy trading feature that will allow investors to copy transactions from their strongest performing wallets based on on-chain activity. This is expected to be one of the most popular aspects of the product.
Bitbot raised over $300,000 in one week.
Bitbot presale is going great. The team raised more than $300,000 in just one week of pre-sales. The pre-sale is currently in its second phase and the team has almost reached the $410,000 goal it set for this round.
The new milestone of $300,000 shows this. Beatbot It is seeing rapid adoption within the cryptocurrency space. $BITBOT tokens are currently scheduled to sell for $0.0105 in the pre-sale round, rising to $0.011 when the third round begins.
According to the whitepaper, 20% of the tokens will be held by the Bitbot development team to fund ongoing development. 14% is allocated to marketing and CEX listings and 3% to providing exchange liquidity.
Click here Learn more about Bitbot’s upcoming presale.
Will Bitbot be at its best in 2024?
The US SEC has already approved a spot Bitcoin ETF, and Bitcoin halving is 89 days away. These catalysts could help push the price of Bitcoin to record highs this year, and the broader cryptocurrency market could benefit.
Bull Run may favor lower-priced gems; Beatbot It could be one of the biggest winners. Bitbot strives to be a great project for cryptocurrency traders.