Bitcoin Moves Above $46k Ahead of SEC ETF Decision: Will It Go Higher?
Key receivers
Bitcoin is trading above $46k as market experts expect US SEC to approve Bitcoin ETF position soon.
Bitbot's presale starts in a week and the project aims to make trading easier for users.
The cryptocurrency market has been doing well in the past few hours, with Bitcoin trading above $46k. With the SEC expected to soon approve the Bitcoin ETF space, the price of BTC may rise soon.
Bitcoin Could Soar If SEC Approves Spot Bitcoin ETF
Bitcoin, the world's leading cryptocurrency by market cap, has performed well in the past few hours. At press time, the price of Bitcoin is $46,239, which is up more than 1% in the last 24 hours.
BTC price may rise in the coming hours if the US SEC approves the spot Bitcoin ETF applications.
What is Bitbot?
After the bear market has now ended, the volume of both centralized and decentralized exchanges has increased significantly. However, the biggest challenge for many people is how to trade cryptocurrencies.
This is where Bitbot comes in. Bitbot is a self-managed trading bot that allows users to trade through their Telegram cold wallets. As Telegram is one of the leading social media platforms for crypto users, this is a new way of marketing.
Bitbot offers a variety of powerful features that help users grow their trading portfolios with an extremely intuitive interface built on institutional-grade technology.
The BitBot development team has extensive experience in various fields, including traditional finance and blockchain. The team has a powerful mix to offer crypto traders a product that combines the innovation we expect with the security approach seen in traditional asset trading.
With Bitcoin halving in less than three months, the price of Bitcoin is expected to reach new all-time highs. When this happens, the trading volume of BTC and other altcoins will increase.
Bitbot's technological innovations
Bitbot can be a good tool for traders. If the device gains mass adoption, the native token could be one of the biggest winners in the current bull run.
What makes Bitbot an interesting project is that it prioritizes security. The group has partnered with Knightsafe to provide a self-protection solution that significantly reduces the typical risks associated with Telegram business.
In addition to that,
Bitbot will also use some of the proceeds from the pre-sale to develop anti-MAV and anti-prevention solutions for users to protect their assets. These solutions help investors protect artificially inflated trading costs from bots and block fraudulent projects.
The Bitbot team is also working on a copy trade feature that allows investors to reverse trade the strongest performing wallets based on chain activity. It is predicted to be one of the most popular aspects of the product.
The Bitbot white paper contains more information about the project's features, roadmap and robust validation audit.
Click here to read more about Bitbot's upcoming presale.
Could Bitbot be one of the top crypto investments this year?
2024 could be an exciting time for the crypto market as the US SEC is expected to soon approve the Bitcoin ETF space. Additionally, Bitcoin's halving event is scheduled for April.
These events can show a great growth of low-cap gems and Bitbot can be one of such projects.
Bitbot is laying the groundwork to become a good project for cryptocurrency traders. According to the team, $100,000 raised from the pre-sale has already been allocated to a business competition on the Bitbot website.
Bitbot presale starts on January 17th, with a starting price of $0.0100. Bitbot has a total supply of 1,000,000,000 tokens and 30% of the tokens will be sold in the presale in 8 phases.
Additionally, 20% of the tokens will be held by the Bitbot development team to support ongoing development, and 14% will be for marketing and CX listings.
The development team is working hard to make Bitbot a billion dollar market value project. If that happens, early $BITBOT holders have a real chance to earn 100X profits.
