Bitcoin still struggling around $61k: Will it dip lower?

Key takeaways

Bitcoin continues to wrestle beneath $62k and will plunge decrease within the brief time period.
Bitbot has raised $3.3m to this point, with solely two levels of the presale left.

Bitcoin stays beneath $62k

Bitcoin has been struggling in latest weeks and will document additional losses if the market situation persists. At press time, the value of Bitcoin stands at $61,254, down by than 5% within the final seven days.

The poor efficiency comes because the US Federal Reserve not too long ago dashed hopes of slicing rates of interest within the brief time period. Threat-averse belongings like Bitcoin proceed to underperform with the rate of interest nonetheless excessive. 

What’s Bitbot? 

Bitcoin’s boring value efficiency hasn’t affected different actions within the broader crypto market. Presales and airdrops proceed to draw the eye of Degens and different business individuals. 

Bitbot is likely one of the initiatives that’s elevating capital from traders to deal with sure ache factors available in the market. It’s a Web3 mission that seeks to convey distinctive worth propositions to merchants within the cryptocurrency area. It’s a Telegram buying and selling bot that places the ability within the arms of the consumer. 

In response to their whitepaper, the workforce describes Bitbot as a self-custodial buying and selling bot that allows customers to commerce by way of their chilly wallets on Telegram. The answer offers merchants with an modern method of buying and selling and is leveraging Telegram’s place as a number one social media platform for crypto customers. 

Bitbot customers will take pleasure in sure options obtainable solely to institutional traders, making it simpler for merchants to develop their buying and selling portfolios.

Bitbot’s tech targets retail merchants

Bitbot is rolling out tech options that would assist retail merchants excel within the cryptocurrency market. In response to their whitepaper, Bitbot will leverage the Knightsafe to supply a self-custody answer. This answer helps in mitigating the everyday dangers related to Telegram buying and selling.

Moreover, the combination of anti-MEV and anti-rug options will assist customers shield their belongings. These options would guarantee merchants shield their knowledge and belongings from bots artificially pumping transaction prices and block rip-off initiatives.

With greater than $3.3 million raised to this point, among the presale funds shall be channeled in the direction of integrating Extremely-flexible pockets administration fuelled by non-custodial API know-how. 

Lastly, Bitbot may also allow the Copy Buying and selling function, permitting novice merchants to repeat the trades of the strongest-performing wallets primarily based on on-chain actions.

Bitbot’s presale tops $3.3m

The Bitbot presale is presently in its tenth stage and is drawing nearer to its finish. To date, the mission has raised $3,337,931 of the required $3,546,000 on this present stage. In response to the workforce, there are solely two presale levels left.

The $BITBOT token goes for $0.0180 within the present presale spherical and can improve to $0.0189 as soon as the following spherical commences. 

The whitepaper indicated that the Bitbot growth workforce will maintain 20% of the overall token provide and use it to fund ongoing growth. An extra 14% is allotted to advertising and marketing & CEX listings whereas 3% is allotted to alternate liquidity provision.

Click on right here to learn extra about Bitbot’s upcoming presale. 

Must you purchase the Bitbot token now? 

There are solely two levels left on this presale, which implies the chance to speculate early on this mission is slipping away. Bitbot’s presale continues to draw extra traders regardless of the uneven market circumstances.

Bitbot is seeking to achieve large adoption available in the market by providing distinctive applied sciences that may permit merchants to enhance their buying and selling actions. Its native token might be an enormous winner within the coming months and years with the suitable degree of adoption.