Bitcoin slips below $40k as Bitbot presale surpasses $300k
Key receivers
Bitcoin selling pressure continues as BTC falls below $40k.
Bitcoin, the world's number one cryptocurrency by market value, has underperformed over the past few days. Bitcoin exchange-traded funds (ETFs) have fallen more than 20% since they were approved two weeks ago.
At press time, the price of Bitcoin stood at $39,761, down roughly 1% over the past 24 hours. Despite the current bearish trend, market participants still expect the bull market to begin in full this year.
Bitcoin's halving is only three months away and often signals the start of a bull run. If the bull cycle starts this year, Bitcoin and altcoins are likely to post huge gains in the coming months.
What is Bitbot?
The current bearish trend in the market hasn't made a dent in the Bitbot presale. It's been a week since the Bitbot presale started and already an important milestone has passed.
The increasing demand for Bitbot's token can be linked to its unique value in the market. Bitbot is a Telegram trading bot that puts the power in the user's hands. It is an autonomous trading bot that allows users to trade through their Telegram cold wallets.
Bitbot offers a new way of trading as it leverages the leading social media platforms for crypto users using the Telegram space.
As a development team, Bitbot offers many powerful features to help traders grow their trading portfolios. Its features will be institutionalized to achieve world-class business operations.
The Bitbot team consists of individuals with extensive experience in various fields, including traditional finance and blockchain. With Bitcoin expected to reach new highs in the coming months, trading volume in the crypto market will increase if that happens.
Bitbot business innovations
Bitbot is working to develop the best trading tools for traders. At the right level of adoption, the generational token could be one of the biggest winners in the bull cycle.
An interesting aspect of Bitbot is that the tool prioritizes security. According to the team, Bitbot offers a self-protection solution with Knightsafe. Thus reducing the usual risks associated with Telegram marketing.
A portion of the money collected from the pre-sale goes towards the development of anti-MAV and anti-carpet solutions for consumers to protect their property. These features allow merchants to artificially protect trading costs from bots and block fraudulent projects.
BitBot uses highly flexible wallet management fueled by secure API technology. The trading tool also uses an open source smart contract wallet to provide users with a higher level of security for their non-secure solution.
Bitbot is working on a copy trade feature that allows investors to copy trades of the strongest performing wallets based on chain activities. It is predicted to be one of the most popular aspects of the product.
Bitbot collects more than 300 thousand dollars per week
The Bitbot pre-sale is going well. The team raised over $300k after a week of pre-sale. Pre-sales are currently in second place and the team is close to reaching their $410,000 goal for this round.
The $300k new milestone shows that Bitbot is gaining rapid adoption in the cryptocurrency space. The $BITBOT token is going at $0.0105 in the current presale round and will increase to $0.011 after the third round starts.
According to the white paper, 20% of the tokens will be held by the Bitbot development team to support continued development. 14% is allocated to trading and CX details and 3% to exchange liquidity.
Click here to read more about Bitbot's upcoming presale.
Could Bitbot be a top performer in 2024?
The US SEC has already approved the position of Bitcoin ETFs and Bitcoin's halving is 89 days away. These incentives could push Bitcoin's price to new all-time highs this year, and the broader crypto market could benefit.
The bull run could pick out the under-covered gems and BitBot could be one of the big winners. Bitbot is working to be the best project for cryptocurrency traders.
