Bitcoin’s market cap has surpassed $1 trillion for the first time since November 2021 after BTC price broke past $51k on Wednesday. With spot ETF inflows and the upcoming BTC halving key bullish drivers, market experts forecast a massive bull run for the benchmark crypto asset in coming months.
While the market is also upbeat about the broader altcoin market, one particular project that could be set for massive gains amid new trading frenzy is Bitbot (BITBOT). Here’s why.
Bitcoin targets $52k as market cap flips Berkshire Hathaway
BTC traded to highs of $51,936 on Coinbase on Wednesday, February 14, 2024, hitting the highest level in over two years as its value spiked more than 4% in 24 hours. The upside flip, which came after Bitcoin’s dip to around $48,385 amid stock market reaction to US inflation data, has seen the “digital gold” hit a $1 trillion market cap.
According to data from CoinMarketCap, Bitcoin’s market cap stood at $1.016 trillion at 8:48 am ET on Wednesday. The last time the benchmark cryptocurrency’s market cap was above $1 trillion was in November 2021.
Accordingly, Bitcoin has surpassed Berkshire Hathaway as the world’s 10th most valuable asset by market value. Per latest data, Bitcoin’s $1.015 trillion market cap puts above Berkshire Hathaway’s $857.19 billion and just below Meta Platforms (Facebook) that currently has a market cap of $1.192 trillion.
Bitbot: The trading app with a non-custodial solution
Bitbot (BITBOT) is the new crypto trading app on Telegram that is set to bring the latest advanced features for traders.
Top of the trading bot’s list of game-changing features is its non-custodial trading solution, which taps into the decentralized digital assets custody technology of Knightsafe to deliver a secure wallet management system to users.
Per their whitepaper, Bitbot aims to bring advanced institutional-grade trading tools to retail traders via a user-friendly, AI enabled trading app. These are features that have made Telegram trading apps popular across crypto. However, Bitbot’s focus on user security and privacy resonates highly with the trading community – and is setting it apart from the rest.
Self-custody trading, with MPC technology at the core, means an extra layer of protection for traders. This advantage becomes clear when users tap into Anti-MEV and anti-rug tools. Bitbot is also not just the trading bot that best embraces the ethos of “your keys, your assets,” but one that also offers a great incentive for its users.
Bitbot outlook: BTC surge could be huge catalyst
While BITBOT is the native token that will serve as Bitbot’s governance token, it will offer much more. It includes access to a unique revenue-sharing structure and other passive income opportunities such as staking. Holding BITBOT will therefore offer more than discounts on trades.
Bitbot’s ongoing ICO is one of the hottest in the market, with over $567k raised so far. The presale is spread over 15 stages, with BITBOT price set to increase through the final stage. Currently, the token’s presale price is $0.011 in stage 3.
As Bitcoin begins to rally ahead of a potentially explosive bull market, analysts are pointing to Bitbot as one of the top new coins to buy. If the project ends up dominating the Telegram trading space amid a broader crypto bull run, buying now could end up as one massive smart move.
