Key Takeaways
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BlackRock’s spot Bitcoin ETF achieved trading volume of $1.3 billion for the second day in a row.
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BTC reached $57,000 as Bitbot’s presale approached $750,000.
BlackRock’s IBIT trading volume surged.
Bitcoin has been outperforming since the beginning of the week thanks to BlackRock’s IBIT and other spot Bitcoin ETFs.
BlackRock’s IBIT recorded trading volume of $1.3 billion for two days in a row. The ETF recorded trading volume of $1.35 billion on Tuesday, surpassing the $1.3 billion reported on Monday.
The positive performance also means BlackRock’s IBIT was the fifth most traded US-listed ETF during the morning hours. The record number of spot Bitcoin ETFs shows institutional investors’ continued appetite for Bitcoin.
Increasing trading volumes may also impact the cryptocurrency market, which is where projects such as: Beatbot It can provide excellent use cases for traders and investors.
What is Bitbot?
To understand the value proposition for traders, you first need to know what Bitbot is and what it offers.
Beatbot This is a Web3 project that aims to provide excellent services to cryptocurrency traders. This is a Telegram trading bot that gives traders access to some interesting features to help them in their cryptocurrency trading journey.
What makes Bitbot unique is that it is a self-managed trading bot that allows users to trade through cold wallets on Telegram. The project is leveraging Telegram’s position as a leading social media platform for cryptocurrency users.
The team explained that the Bitbot tool will come with a number of advanced features designed to help traders enhance their trading capabilities. These features are typically available to institutional investors, but Bitbot makes them easier for retail traders.
As the trading volume in the cryptocurrency market increases, Bitbot will seek large-scale adoption in the market. Bitbot can serve retail and institutional traders in the cryptocurrency market.
Bitbot’s Unique Trading Features
Beatbot It is a Telegram trading tool that focuses on providing tech-savvy features to ease the trading process for users. As per the whitepaper, the development team is working on several features to help traders grow their trading portfolios.
Bitbot will primarily focus on security. We leverage Knightsafe capabilities to provide a self-custodial solution to mitigate the typical risks associated with Telegram transactions. Bitbot is also working on deploying anti-MEV and anti-lug solutions to help users protect their assets. These features allow traders to protect themselves from bots that artificially pump trading costs and block fraudulent projects.
Additionally, Bitbot will integrate highly flexible wallet management powered by non-custodial API technology, providing an additional layer of security.
To help new traders explore the markets and gain expertise, Bitbot will also be launching a copy trading feature. This feature allows novice traders to copy trades from their best-performing wallets based on their on-chain activity.
Bitbot’s presales reach $750,000.
The Bitbot presale has progressed smoothly and has now reached stage 4. until now, Beatbot We have raised $736,000 of the $862 needed for this phase.
The increasing funding rate shows that Bitbot is attracting the attention of investors. Currently, the price of $BITBOT token is $0.0116, but it is expected to increase to $0.0122 when round 5 begins.
In the whitepaper, the Bitbot development team stated that they will retain 20% of the total token supply and use this to fund ongoing development. Additionally, 14% of total token supply will be allocated for marketing and CEX listing. Additionally, an additional 3% is allocated to provide exchange liquidity.
Click here Learn more about Bitbot’s upcoming presale.
Could Bitbot’s token go higher after the pre-sale?
Traditionally, cryptocurrency prices tend to surge after pre-sales after they are listed on a cryptocurrency exchange. So far, Bitbot’s pre-sale is going well and the token could go higher once it gets listed on CEX and DEX.
through appropriate levels of adoption. Beatbot It could be one of the biggest winners in this up cycle. The project can take advantage of the increased trading volume resulting from the Bitcoin halving and other external factors in the market.