The Crypto Fear & Greed Index has returned to 68, indicating market greed as the price of Bitcoin, the benchmark digital asset, hovers above $63k.
Meanwhile, Bitbot, the new AI-powered cryptocurrency looking to dominate the crypto trading market, continues to attract investor attention as presale surpasses the $3.2 million mark.
Crypto market upbeat as BTC hovers above $63k
The crypto Fear and Greed index, which is a metric that measures market sentiment, currently hovers at 68.
The flip to this level pulls sentiment back to the greed zone after last week’s dip to the neutral and then “fear” zone with Bitcoin’s slip under $60k.
Although the metric isn’t back to the readings of extreme greed at 88 reached when BTC price shot to its all-time high above $73k, its current gauge suggests renewed bullish outlook from investors.
Crypto prices are slightly up this week, coinciding with the inflow into the Grayscale spot Bitcoin ETF (GBTC) for the first time since trading debut in January. The gains that pushed BTC above $64k and Ethereum (ETH) above $3k also came as spot ETFs broke a streak of outflows.
News that the SEC had issued a Wells Notice against Robinhood Crypto added some downside pressure across the market. However, investors appear buoyed by Bitcoin’s return to highs above $63k and the energy may help catapult bulls higher.
Investors are aggressively positioning with projects such as Bitbot.
Bitbot’s flagship AI bot
Bitbot bids to stand out as the best AI-powered trading solution in the ever-growing market of Telegram trading bots.
While the platform will offer the same trading tools and features that make Telegram trading bots a top addition to any trader’s arsenal, there’s one factor that sets it apart from all existing bots.
Cutting-edge trading solutions traders are bound to tap into include automated trading, real-time market insights, the Gem scanner and trade sniping. But above these, Bitbot stands out as the only Telegram trading app offering a non-custodial solution.
The result is a focus on user security that no other bot can boast of, which gives Bitbot an edge and likely to be the biggest factor in BITBOT adoption.
The project adds to this attractive outlook with a robust revenue-sharing mechanism that will see the ecosystem benefit from 50% of the platform’s daily profits.
Bitbot presale hits $3.2 million – is it still a buy?
As traders eye crypto gains in the second half of the year, the predictions are that top presale projects could be among those to outperform.
This scenario looks prime for Bitbot, whose token sale is now in stage 13 and flying.
Investors confident in the BITBOT token’s potential have taken early positions. The next few weeks could prove crucial for anyone looking to join the project, particularly as token price is at $0.018 and will reach $0.020 in stage 15, the final presale stage before Bitbot officially hits the trading market.
The Bitbot bot, which is getting fine-tuned ahead of launch, has seen key product updates launched. The team expects the bot to go live this quarter.
If you are interested in learning more about Bitbot, visit the project’s official website.
