Bitcoin Cash (BCH) rose double digits as the altcoin rode its halving momentum to reach a multi-year high. While most altcoins struggled, BCH bulls were eyeing a decisive break above $700.
Meanwhile, traders continued to flock to new crypto project Bitbot (BITBOT), with the project’s positive market outlook driving interest.
Bitcoin Cash (BCH) rallies after halving
The price of Bitcoin Cash rose sharply on Thursday morning, reaching an intraday high of $683 on Binance (around 7:15 ET). The 11% upside flip followed a three-day plunge for BCH price ahead of its block reward halving.
On April 1, Bitcoin Cash price traded to highs of $702. However, selling pressure across the markets saw the altcoin decline to lows of $562 before spiking on April 4.
Current gains have Bitcoin Cash at $663, up 19% this past week and more than 50% in the last 30 days.
With Bitcoin Cash halving, the block reward has halved from 6.25 BCH to 3.125 BCH. Analysts are bullish on the price of this Bitcoin fork coin amid the potential for Bitcoin’s upcoming halving to catalyze new momentum.
Key price targets for BCH will remain the psychological $1,000 mark and the 2021 bull market peak above $1,500.
Bitbot (BITBOT): A top Telegram bot with potential to dominate
Bitbot (BITBOT) is bidding to be the next breakout project in the crypto space. While its set to launch amid the bull market, its popularity is not down to market hype but the groundbreaking feature its set to debut.
Per the Bitbot whitepaper, this is the world’s first non-custodial Telegram trading bot. This is the main aspect of the trading solution that gives the native token BITBOT great upside prospects.
Although an AI-powered trading bot on Telegram, Bitbot offers more than automated trading tools.
Users who tap into this app can leverage all the institutional-grade trading features as they retain full control of their assets. These include integrated market insights, cross-hain functionality, AI-enabled trading and token sharing.
Bitbot’s novel integration with Knightsafe means the bot leverages a keyless wallet management system, with traders able to keep their private keys secure.
Incidents in 2023 involving Unibot and Banana Gun, as well as the latest exploit involving Solana-based trading bot, highlight how important Bitbot’s non-custodial bot could be for traders.
The team recently released product updates on how Bitbot works, and has lined up AMAs to share more details.
Adding to the community’s anticipation is the rise in bull market expectations, particularly as Bitcoin halving approaches.
Bitbot surpasses $1.9 million as investors scramble for BITBOT
Bitbot will have a total supply of 1 billion tokens, 300 million of which are available for presale buyers across 15 stages.
Currently, the token sale has reached stage 9, which means its only six more before it hits the final stage.
The price of BITBOT in stage 9 is $0.0148 and will automatically rise until the last stage. While Bitcoin Cash and other altcoins seek fresh gains, the overall bullish outlook has the potential to catapult Bitbot price higher when the token launches post-presale.
Bitbot’s product launch could be another catalyst that will send this Telegram bot rallying.
Get more about Bitbot by joining the presale or from the whitepaper.
Visit the website.
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