Hong Kong spot ETFs report boosts BTC; Investors stand to Bitbot presale
While the price of Bitcoin has crossed $70,000, Ethereum has crossed $3,500.
This follows news that Hong Kong will approve its first spot Bitcoin and Ethereum ETFs early next week.
BITBOT is approaching $2.3 million in pre-sale amid investor interest.
Bitcoin is trading with its price hovering above $70,900. The leading cryptocurrency got a fresh boost to new all-time highs as Hong Kong prepares to approve its first-ever Bitcoin ETFs.
BTC's upside is likely to push other altcoins higher, and one of the new tokens attracting the most attention is Bitbot (BITBOT).
Is Bitcoin (BTC) going to explode next week?
There are reports that Hong Kong may approve the first Bitcoin and Ethereum ETFs in the region as early as Monday.
A Bloomberg report cited sources on Friday as saying the Securities and Futures Commission (SFC) is set to give the nod, just days after major Chinese funds filed an application to issue bitcoin ETFs.
While the Hong Kong decision has not been made public at the time of writing, there is growing positivity in the market. In January 2024, when the US Securities and Exchange Commission (SEC) approved the first spot Bitcoin ETFs, the price of BTC increased amid strong demand.
BTC reached an ATH of 73,737 in March, riding the halving and maintaining ETF sentiment. SEC Requests Public Participation in Spot ETH ETF
Today's news saw the cryptocurrency reverse from a low of $69,500 to trade above $70,900. Ethereum has gained slightly, currently hovering above $3,520.
If ETFs can pull in revenue, as evidenced by BlackRock's IBIT and others, BTC, ETH and other coins have a chance to rally in the coming weeks.
Potentially attracting investors are the emerging market strengths and unique fundamentals that are poised to emerge as top performers in the market in 2024 and beyond.
Bitbot: The pioneer of unsupervised trading bots on Telegram
BitBot is a pioneering non-custodial crypto trading bot, ready to enter the crypto market when traders are looking for potential opportunities.
While competing Telegram business bots are custodial solutions – meaning they control users' private keys and thus hold their assets – Bitbot takes the ‘your keys, not your assets' approach. In short, Bitbot is a Telegram bot where the user has full control over their private keys and wallet.
Security is key for crypto traders, which is unfortunately difficult in the case of high bots like Unibot and Banana Gun.
By partnering with Knightsafe, Bitbot has taken the lead in competitive business applications with a focus on security.
The Bitbot app's AI capabilities add advanced visibility, allowing users to access all the advanced institutional-level trading tools that make trading with bots a huge market in the crypto space.
Bitbot offers all of these, including commercial sniping, game scanners, commercial transcription, and automated execution, without compromising on users' security and convenience.
Bitbot's pre-sale exceeded $2.2 million amid investor interest
The BITBOT token is on pre-sale and users will get benefits like revenue sharing, trading discounts and airdrops. Presale participants can still buy BTBOT at $0.0155 at the highest discount level of 10.
Early bird investors pushed the presale to $2.3 million. In particular, Bitbot has reached its final level of 15 and only five levels remain before launching the tokens on the market. This may be when Bitcoin and Ethereum are in parabolic mode.
That means the current presale price can be a real bargain and opportunity.
Visit the Bitbot website to learn more.
