Bitcoin struggles below $64,000 before halving: Will it sink further?

Key takeaways

Bitcoin has struggled in recent weeks and could post additional losses if the market situation persists. At press time, Bitcoin’s value stands at $63,030, down less than 1% in the last 24 hours.

Poor functionality precedes Bitcoin’s halving event by two days. The Bitcoin halving will see Bitcoin mining rewards increase by 50%, from 6. 25 BTC per block to 3,125 BTC.

Historically, halving leads to an increase in Bitcoin’s value. However, it is still unclear how Bitcoin will perform in the short term.

As Bitcoin and primary altcoins continue to underperform, some presales are generating record investments from investors. Bitbot is one of the projects that raises capital from investors to solve some market problems.

Bitbot is a Web3 task aimed at providing exclusive propositions to investors in the crypto space. It is a Telegram trading bot that puts the force in the hands of the user.

The project describes its product as a self-custodial trading bot that allows users to trade their white wallets on Telegram. Bitbot provides industrialists with a cutting-edge business approach and leverages Telegram’s position as the leading social media platform for cryptocurrency users.

It aims to provide users with high-end features to help investors grow their trading portfolios. The right point of adoption can make Bitbot one of the most widely used teams among crypto investors.

For the business possibilities of its users, Bitbot will introduce a wide diversity of technological innovations, according to its whitepaper. Bitbot will leverage Knightsafe to offer a self-custody solution. This solution helps mitigate the typical dangers related to Telegram trading.

Lately, the team is coming up with anti-SRM and anti-rug solutions to help users protect their assets. With those features, investors can get rid of bots that artificially increase transaction prices and block fraudulent projects.

A portion of the budget generated by the presale will also be used to integrate ultra-flexible portfolio control powered by non-custodial API technology.

The copy trading feature will allow investors to copy trades from high-yielding portfolios into on-chain activities.

Bitbot’s presale is now at its tenth level and progressing rapidly. To date, the task has raised $2,506,930 of the $2,518,000 required at this level.

Bitbot continues to increase investors’ budget despite poor market conditions. The $BITBOT token costs $0. 0155 in the existing presale cycle and will increase to $0. 0163 once the eleventh circle begins.

The whitepaper states that Bitbot’s progression team will own 20% of the total token source and use it to fund continued progression. In addition, 14% is allocated to marketing and CEX listings, while 3% is allocated to offering liquidity in the market.

Click here to receive more information about Bitbot’s upcoming presale.

While the crypto market has underperformed in recent weeks, Bitbot’s presale continues to attract more investors. The task seeks to take advantage of the growing volume of trades in the market to attract more users.

Bitbot seeks to achieve high adoption in the market by providing unique technologies that allow investors to conduct their trading activities. BITBOT can become one of the biggest winners in this circular with the right point of adoption. As a trading volume in the market, BITBOT can also see an increase in adoption if you implement its features and solutions.

Please note that some links on this site will direct you to third-party Internet sites, some of which are marketing affiliates and/or business partners of this site and/or its owners, operators, and affiliates. We may obtain a monetary refund from those Third Parties. Regardless of such relationship, we do not accept any responsibility for the conduct of any third party or the content or capability of its sites or Internet applications. A link, positive referral, or review of a broker or exchange will not be considered. as an endorsement of such broker’s or exchange’s products or services.

Risk Warning: Investing in virtual currencies, stocks, stocks and other securities, commodities, currencies and other derivative investment products (e. g. , contracts for differences (“CFDs”) is speculative and carries maximum risk. Each investment is exclusive and comes at exclusive risk.

CFDs and other derivatives are complex tools and carry the highest risk of wasting money temporarily due to leverage. You need to ask yourself if you understand how an investment works and if you can afford the increased risk of wasting your cash.

The costs of cryptocurrencies can vary wildly and are therefore not suitable for all investors. Cryptocurrency trading is not overseen by any EU regulatory framework. The above functionality does not guarantee long-term results. Any trading history filed is less than five years old, unless in a different case. expressed manner, and possibly would not be sufficient as a basis for investment decisions. Your capital is at risk.

When you manufacture stocks, your capital is at risk.

Leave a Comment

Your email address will not be published. Required fields are marked *