Bitcoin eyes the $70k level again as Bitbot’s presale officially crosses $900k

Key takeaways

• BTC reached a brand new all-time excessive of $70k on Friday and could possibly be focusing on that level again after retracing.

• Bitbot’s presale has officially crossed the $900k mark as stage 5 nears completion.

Bitcoin might surge previous the $70k mark quickly

Bitcoin, the world’s main cryptocurrency by market cap, is having an fascinating month to this point. On Friday, BTC reached a brand new all-time excessive of $70k earlier than retracing to the $67k area.

At press time, the price of Bitcoin stands at $68,730, down by lower than 1% in the final 24 hours. If the restoration continues, BTC could possibly be focusing on the $70k area over the subsequent few hours or days. 

What is Bitbot? 

With Bitcoin, Ether and different main cryptocurrencies rallying greater, buying and selling quantity in the market continues to extend. This signifies that merchants have change into extra energetic in the cryptocurrency market.

For merchants, leveraging instruments that may assist enhance their buying and selling actions is essential. Bitbot is one in all the tasks that’s growing instruments to assist merchants in the cryptocurrency market. 

Bitbot is a Web3 venture that’s set to carry distinctive worth propositions to merchants in the cryptocurrency house. It is a Telegram buying and selling bot that places the energy in the arms of the consumer. 

Per the whitepaper, Bitbot is a self-custodial buying and selling bot that permits customers to commerce through their chilly wallets on Telegram. The product gives an progressive method of buying and selling and is leveraging Telegram’s place as a number one social media platform for crypto customers. 

Bitbot will include high-end options to assist merchants develop their buying and selling portfolios. Some of the software’s options are institutional grade, granting them entry to world-class buying and selling capabilities.

With the proper level of adoption, Bitbot might change into one in all the most generally used instruments by cryptocurrency merchants. 

Bitbot to spice up buying and selling experience through tech

Bitbot plans to carry technological improvements that may profit merchants. The venture will use Knightsafe to supply a self-custody resolution. This resolution helps in mitigating the typical dangers related to Telegram buying and selling.

Furthermore, a few of the funds raised from the presale will go in direction of growing anti-MEV and anti-rug options to assist customers shield their belongings. With these options, merchants can shield themselves from bots artificially pumping transaction prices and block rip-off tasks.

Bitbot additionally has ultra-flexible pockets administration fuelled by non-custodial API expertise. In phrases of profitability, Bitbot will present customers with a duplicate buying and selling function. This function will allow merchants to repeat the trades of the strongest-performing wallets based mostly on on-chain actions.

Bitbot’s presale surpasses $900k

The Bitbot presale is now in its fifth stage and is now shifting swiftly. So far, the venture has raised $943,475 of the required $1,106,000 on this present stage. 

This newest milestone signifies that Bitbot is attracting consideration from buyers inside the cryptocurrency house. The $BITBOT token goes for $0.0122 in the present presale spherical and can enhance to $0.0128 as soon as the sixth spherical commences. 

The venture’s tokenomics present that the the Bitbot growth group will maintain 20% of the whole token provide and can use it to fund ongoing growth. Furthermore, 14% is allotted to advertising and marketing & CEX listings whereas 3% is allotted to change liquidity provision.

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

Could Bitbot acquire huge adoption? 

The cryptocurrency market is at present in a bullish cycle and has greater than $2.5 trillion at present in circulation. This signifies that the buying and selling quantity in the market has elevated as extra merchants enter the market.

With this actuality, instruments like Bitbot will acquire huge adoption in the market due to the rising buying and selling quantity. With the proper level of adoption, BITBOT might change into one in all the largest winners in the market. As buying and selling quantity in the market will increase, BITBOT might additionally see a surge in adoption if it rolls out its options and options.