The cryptocurrency market cap rose by more than 5% on Monday to above $2.18 trillion.
This is after the Bitcoin price broke past $54k and Ethereum led altcoins higher with a breakout above $3,100. Telegram apps market cap jumped 7% to $900 million as PaLM AI and DexCheck soared, highlighting the potential for Bitbot.
Crypto market cap up as BTC, ETH rally
Bitcoin (BTC) surged past $54,000 on Monday to hit its highest level since November 2021. The flagship cryptocurrency blasted past resistance at $54,600 to touch highs of $54,980 on Coinbase. The gains came as BlackRock’s spot Bitcoin ETF $IBIT traded more than $1 billion worth of shares on February 26. Bloomberg ETF analyst Eric Balchunas shared the milestone via X.
As Bitcoin’s price rose, its market cap reached $1.06 trillion.
Ethereum price also broke higher, hitting highs of $3,204 across major exchanges. Meanwhile, there were decent gains for most top altcoins, with a surge across Layer-2s, DeFi and Telegram apps helping to push the global crypto market cap to above $2.18 trillion.
Bitbot stands out as the premier Telegram trading bot
Bitbot (BITBOT) is making waves across the Telegram apps market even before it officially launches to the public.
The project, which offers the first-ever non-custodial trading bot on Telegram, has attracted a lot of attention due its potential to transform the crypto trading landscape. The reason for this is that Bitbot doesn’t just aim at bringing institutional-grade trading tools and AI-enabled automation.
At the core of this platform is user security and privacy. That means retail investors get more than copy trading, trade sniping or automation. What you have with Bitbot – no other Telegram bot has this feature – is a self-custody trading environment.
It’s your keys, your assets, with KnightSafe’s digital assets custody technology providing for an MPC wallet management. The Bitbot team recently released the first product update with the self-custody architecture, providing solid proof that the crypto market will soon tap into a game-changing trading bot.
Adding to this security feature are the anti-MEV and ant-rug security tools, which means an extra layer of protection against MEV launches and potential rug-pulls.
Bitbot token
The native BITBOT token, currently in presale, has a total supply of 1 billion. The public presale offers 30%, or 300,000,000 tokens while the rest will go to liquidity (3%), community (23%), development (20%), Treasury (10%) and marketing (14%).
Learn more about Bitbot tokenomics here.
$BITBOT is the governance and utility token that will offer holders access to trading discounts, staking and yield farming. $BITBOT will also offer token holders access to exclusive benefits such as revenue sharing, presales and airdrops.
The Bitbot presale has reached stage 4, with the price at $0.0116. The next stage will see BITBOT price rise to $0.0122
With spot ETF demand and Bitcoin halving coming, an explosive surge for Bitcoin could fuel the rest of the market’s performance. Telegram apps are among tokens poised to ride this momentum.
Bitbot’s launch in Q2, 2024 could see it take the helm as the top crypto trading bot.
