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

Key takeaways

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

Bitcoin stays beneath $62k

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

The poor efficiency comes because the US Federal Reserve just lately dashed hopes of slicing rates of interest within the quick time period. Threat-averse belongings like Bitcoin proceed to underperform with the rate of interest nonetheless excessive. 

What’s Bitbot? 

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

Bitbot is likely one of the initiatives that’s elevating capital from buyers to deal with sure ache factors out there. It’s a Web3 mission that seeks to carry distinctive worth propositions to merchants within the cryptocurrency house. It’s a Telegram buying and selling bot that places the ability within the arms of the person. 

In keeping with their whitepaper, the workforce describes Bitbot as a self-custodial buying and selling bot that permits customers to commerce through their chilly wallets on Telegram. The answer offers merchants with an progressive manner 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 accessible solely to institutional buyers, 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 might assist retail merchants excel within the cryptocurrency market. In keeping with their whitepaper, Bitbot will leverage the Knightsafe to supply a self-custody resolution. This resolution helps in mitigating the everyday dangers related to Telegram buying and selling.

Moreover, the mixing 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 might 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 characteristic, permitting novice merchants to repeat the trades of the strongest-performing wallets based mostly on on-chain actions.

Bitbot’s presale tops $3.3m

The Bitbot presale is at the moment 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 keeping with the workforce, there are solely two presale phases left.

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

The whitepaper indicated that the Bitbot improvement workforce will maintain 20% of the overall token provide and use it to fund ongoing improvement. A further 14% is allotted to advertising and marketing & CEX listings whereas 3% is allotted to change 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 phases left on this presale, which implies the chance to speculate early on this mission is slipping away. Bitbot’s presale continues to draw extra buyers regardless of the uneven market circumstances.

Bitbot is trying to acquire large adoption out there by providing distinctive applied sciences that might enable merchants to enhance their buying and selling actions. Its native token might be an enormous winner within the coming months and years with the precise degree of adoption.