Bitcoin Still Struggling Around $61K: Heading Down?
Key receivers
Bitcoin will continue to struggle below $62k and may go lower in the short term.
Bitbot has raised $3.3m so far, with just two rounds of presale left.
Bitcoin remains below $62k
Bitcoin has been struggling in recent weeks and may record further losses if the market conditions continue. At press time, The price of Bitcoin It stands at $61,254, down % over the past seven days.
The US Federal Reserve's poor performance comes amid recent hopes of cutting interest rates in the short term. Risky assets like Bitcoin continue to underperform as interest rates remain high.
What is Bitbot?
Bitcoin's lackluster price performance hasn't affected other activities in the broader crypto market. Pre-sales and airdrops continue to capture the attention of Dagen and other industry participants.
Bitbot It is one of the projects that are raising capital from investors to solve some of the pain points in the market. It is a Web3 project that seeks to bring unique value propositions to traders in the cryptocurrency space. It is the Telegram Trading Bot that puts the power in the hands of the user.
According to their white paper, the team describes Bitbot as an autonomous bot that allows users to trade via Telegram with their cold wallet. The solution offers a new way of trading for traders and is leveraging the Telegram space as the leading social media platform for crypto users.
Bitbot users enjoy some features that are only available to institutional investors, making it easier for traders to grow their trading portfolios.
Bitbot's technology is aimed at retailers.
Bitbot is developing technology solutions that enable retailers to excel in the cryptocurrency market. According to their white paper Bitbot It uses Knightsafe to provide a self-protection solution. This solution helps to reduce the common risks associated with Telegram marketing.
In addition, the integration of anti-MEV and anti-prevention solutions helps users protect their assets. These solutions ensure that merchants protect their data and assets from bots artificially increasing transaction costs and block fraudulent projects.
With more than $3.3 million raised so far, some of the pre-sale funds will be leveraged through highly flexible wallet management integrated with non-custodial API technology.
Finally, Bitbot enables the Cop Trading feature, which allows novice traders to schedule trades with the strongest performing wallets based on chain movements.
Bitbot's presale raised $3.3 million.
of Bitbot The presale is currently in its tenth stage and is nearing its end. So far, the project has raised $3,337,931 of the $3,546,000 needed at this stage. According to the team, there are only two steps left before the sale.
The $BITBOT token is going at $0.0180 in the current presale round and will increase to $0.0189 once the next round starts.
The white paper states that the Bitbot development team will hold 20% of the total token supply and use it to fund further development. An additional 14% is allocated to trading and CX details and 3% is allocated to exchange liquidity.
Click here To read more about Bitbot's upcoming presale.
Should you buy Bitbot token now?
There are only two stages left in this pre-sale, which means that the opportunity to invest early in this project is disappearing. Bitbot's presale continues to attract more investors.
Bitbot It is seeking greater acceptance in the market by offering unique technologies that enable traders to improve their business operations. The right level of adoption could make the country of origin a big winner in the coming months and years.
