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Key takeaways

• BTC reached a brand new all-time excessive of $70k on Friday and might be focusing on that level again after retracing.

• Bitbot’s presale has officially crossed the $900k mark as stage 5 nears completion.

Bitcoin may surge previous the $70k mark quickly

Bitcoin, the world’s main cryptocurrency by market cap, is having an attention-grabbing month to date. On Friday, BTC reached a brand new all-time excessive of $70k earlier than retracing to the $67k area.

At press time, the price of Bitcoin stands at $68,730, down by lower than 1% in the final 24 hours. If the restoration continues, BTC might be focusing on the $70k area over the subsequent few hours or days. 

What is Bitbot? 

With Bitcoin, Ether and different main cryptocurrencies rallying larger, buying and selling quantity in the market continues to extend. This signifies that merchants have develop into extra lively in the cryptocurrency market.

For merchants, leveraging instruments that might assist enhance their buying and selling actions is essential. Bitbot is considered one of the initiatives that’s creating instruments to assist merchants in the cryptocurrency market. 

Bitbot is a Web3 challenge that’s set to convey distinctive worth propositions to merchants in the cryptocurrency area. It is a Telegram buying and selling bot that places the energy in the palms of the person. 

Per the whitepaper, Bitbot is a self-custodial buying and selling bot that allows customers to commerce by way of their chilly wallets on Telegram. The product gives an modern means of buying and selling and is leveraging Telegram’s place as a number one social media platform for crypto customers. 

Bitbot will include high-end options to assist merchants develop their buying and selling portfolios. Some of the device’s options are institutional grade, granting them entry to world-class buying and selling capabilities.

With the proper level of adoption, Bitbot may develop into considered one of the most generally used instruments by cryptocurrency merchants. 

Bitbot to spice up buying and selling experience by way of tech

Bitbot plans to convey technological improvements that might profit merchants. The challenge will use Knightsafe to supply a self-custody resolution. This resolution helps in mitigating the typical dangers related to Telegram buying and selling.

Furthermore, a few of the funds raised from the presale will go in direction of creating anti-MEV and anti-rug options to assist customers shield their property. With these options, merchants can shield themselves from bots artificially pumping transaction prices and block rip-off initiatives.

Bitbot additionally has ultra-flexible pockets administration fuelled by non-custodial API know-how. In phrases of profitability, Bitbot will present customers with a replica buying and selling characteristic. This characteristic will allow merchants to repeat the trades of the strongest-performing wallets based mostly on on-chain actions.

Bitbot’s presale surpasses $900k

The Bitbot presale is now in its fifth stage and is now shifting swiftly. So far, the challenge has raised $943,475 of the required $1,106,000 on this present stage. 

This newest milestone signifies that Bitbot is attracting consideration from buyers inside the cryptocurrency area. The $BITBOT token goes for $0.0122 in the present presale spherical and can improve to $0.0128 as soon as the sixth spherical commences. 

The challenge’s tokenomics present that the the Bitbot improvement crew will maintain 20% of the whole token provide and can use it to fund ongoing improvement. Furthermore, 14% is allotted to advertising and marketing & CEX listings whereas 3% is allotted to trade liquidity provision.

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

Could Bitbot acquire large adoption? 

The cryptocurrency market is presently in a bullish cycle and has greater than $2.5 trillion presently in circulation. This signifies that the buying and selling quantity in the market has elevated as extra merchants enter the market.

With this actuality, instruments like Bitbot will acquire large adoption in the market due to the rising buying and selling quantity. With the proper level of adoption, BITBOT may develop into considered one of the greatest winners in the market. As buying and selling quantity in the market will increase, BITBOT may additionally see a surge in adoption if it rolls out its options and options.