Bitcoin Struggles Below $64k Before Declining: Will It Go Down?
Key receivers
BTC continues to struggle below the $64k level ahead of Bitcoin's halving event in two days.
Bitbot's pre-sale has now exceeded $2.5 million.
Bitcoin stays below $64k before halving
Bitcoin has been struggling in recent weeks and may record further losses if the market conditions continue. At press time, The price of Bitcoin At $63,030, it has increased less than 1% in the last 24 hours.
The weak performance comes ahead of Bitcoin's halving event in two days. The Bitcoin halving will see Bitcoin mining rewards drop by 50% from 6.25 BTC per block to 3.125 BTC.
Historically, the redemption event results in a significant increase in the price of Bitcoin. However, it is unclear how Bitcoin will perform in the near future.
What is Bitbot?
While Bitcoin and other major altcoins continue to underperform, some pre-sales are bringing record funding from investors. Bitbot It is one of the projects that are raising capital from investors to solve some of the pain points in the market.
Bitbot is a Web3 project dedicated to bringing unique value propositions to traders in the crypto space. It is the Telegram Trading Bot that puts the power in the hands of the user.
The project describes the product as a self-sustaining trading bot that allows users to trade through their Telegram cold wallets. Bitbot offers traders a new way of trading and is taking Telegram's place as the leading social media platform for crypto users.
It is designed to provide users with high-level features to help traders grow their trading portfolios. The right level of adoption could see Bitbot become one of the most used tools by cryptocurrency traders.
Bitbot technology can improve marketing opportunities.
To improve the trading opportunities of its users, Bitbot introduces a wide range of technological innovations. In 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.
The team is currently developing anti-MAV and anti-virus solutions to help users protect their assets. With these features, traders can protect themselves from bots that artificially inflate trading costs and block fraudulent projects.
Some of the funds generated from the pre-sale will also be used to integrate highly flexible wallet management fueled by non-guardian API technology.
The copy-trading feature allows traders to copy trades of the strongest performing wallets based on chain activity.
Bitbot's presale reached 2.5m
The Bitbot presale is now in its tenth year and is going fast. To date, the project has raised $2,506,930 of the $2,518,000 needed for this phase.
Bitbot Despite weak market conditions, it continues to raise funds from investors. The $BITBOT token is currently running at $0.0155 in the presale round and will increase to $0.0163 once the eleventh round begins.
The white paper states that the Bitbot development team will hold 20% of the total token supply and use it to fund further development. In addition, 14% is allocated to market and CX details and 3% is allocated to liquidity provision.
Click here To read more about Bitbot's upcoming presale.
Should you buy Bitbot token now?
While the crypto market has been underperforming in recent weeks, Bitbot's pre-sale continues to attract many investors. The project seeks to take advantage of the growing trade in the market to attract more users.
Bitbot It is seeking to gain greater acceptance in the market by offering unique technologies that enable traders to improve their business operations. It can be one of the biggest winners in this cycle if it has the right level of adoption. As the volume of trading in the market increases, BITBOT can see an increase in adoption if it releases its features and solutions.
