Tuesday, 28 May 2024

Crypto News

Bitcoin tops $72k for the first time since March as Bitbot’s presale crosses $2m

Bitcoin Cash, Stacks rally as BTC breaks $57k; KangaMoon eyes breakout presale

Key takeaways

BTC crosses the $72k mark again

Following weeks of underperformance, Bitcoin is trading above the $70k level once again. Bitcoin performed poorly late last month, dropping to the $65k level during that period.

However, its performance has improved since last week. Thanks to its rally today, Bitcoin is now trading above $72k for the first time since March. At press time, the price of Bitcoin stands at $72,283, up by more than 4% in the last 24 hours.

The rally comes as the Bitcoin community prepares for the halving event. The halving is 12 days away and many expect BTC to rally to a new all-time high after the halving. 

What is Bitbot?

Bitbot’s presale continues to crush new milestones as Bitcoin and the broader crypto market recovers from their recent slump. Bitbot could be one of the biggest beneficiaries in the ongoing bullish cycle thanks to its value proposition to investors and users.

Bitbot is a Telegram trading bot that allows traders to gain access to some exciting features that would help them with their cryptocurrency trading journey. Users can leverage Bitbot to trade cryptocurrencies via their cold wallets on Telegram.

The project is leveraging Telegram since it is the leading messaging platform for cryptocurrency users. With Bitbot, traders will have access to a wide range of tools that will help them execute trade faster, securely and more transparently. These features are usually available for institutional investors but, Bitbot will make it easy for retail traders to use. 

Bitbot is launching at a time when the trading volume in the crypto space is growing. Ripple’s CEO Brad Garlinghouse recently predicted that the total crypto market cap could reach $5 trillion by the end of the year. If that happens, the trading volume would massively increase and Bitbot could become one of the biggest beneficiaries. Bitbot could provide services to retail and institutional traders in the cryptocurrency market. 

Bitbot is ideal for retail traders

Bitbot is targeting retail traders as they remain core drivers of market volume. The platform’s Telegram trading tool will focus on offering tech-savvy features to ease the trading process for users.

A major area of focus for Bitbot is the security of user assets. The platform will leverage the Knightsafe feature to offer a self-custody solution, mitigating the typical…

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