Bitcoin trades around $71k, and could jump to a new all-time high ahead of a parabolic rally in coming months. But as analysts ponder the outlook, two major catalyst for this trajectory are halving and spot Bitcoin ETFs.
Hong Kong leads Asia’s charge into the crypto ETF market, a result of which could be bullish sentiment that propels Bitcoin (BTC) and new token Bitbot (BITBOT) to new highs.
Hong Kong set to approve Bitcoin ETFs
SEC’s approval of spot BTC ETFs in January helped catapult Bitcoin price to the ATH recorded in mid-March 2024. BlackRock and other issuers have since amassed billions worth of BTC as inflows into Bitcoin ETFs surge.
Apart from what's recorded already, experts say a new charge is imminent. In particular, Hong Kong’s reported move to approve Bitcoin ETFs this month is one of the developments being closely watched across the market.
This comes as leading Chinese fund managers applied to launch Bitcoin ETFs in Hong Kong, with reports indicating China Southern Fund and Harvest Global are at the forefront of the push to join the Bitcoin party.
Also notable is the latest news from South Korea where the pro-Bitcoin opposition party has won an election. As the Bitcoin Magazine team noted via X earlier today, there’s new optimism around South Korea allowing local investors to buy spot Bitcoin ETFs.
Bitbot is the new trading bot poised for dominance
A flood of new money into BTC could translate into a swell for the broader crypto market, and likely to stand at the centre of the new shift is crypto trading app Bitbot.
By launching the world’s first AI powered non-custodial Telegram trading bot, Bitbot is entering a market that’s teeming with demand. Growth for bots such as PAAL AI has added to the explosive debut for Unibot, Banana Gun and others.
Bitbot however has a massive advantage over these bots. Not only does it offer superior AI enabled institutional-grade trading tools, it also provides for a robust security environment for traders.
The non-custodial trading feature taps into the self-custody wallet architecture of cybersecurity firm KnightSafe. The result is a wallet management system that sees Bitbot users retain full control oftheir assets’ keys. It translates into the “not your keys, not your crypto” ethos that crypto favors.
Is Bitbot a buy amid current market outlook?
Bitbot’s native utility token BITBOT is creating a frenzy among investors as its presale enters the last few stages.
As Bitbot traders enjoy the added security layer, which also includes anti-MEV and anti-rugpull tools, they will also have an opportunity to earn passive income through a unique revenue-sharing model.
It’s these benefits and opportunities that early birds are currently positioning for in stage 10 of the scheduled 15-stage presale. BITBOT price in this stage is $0.0155 and a bullish flip post-launch could come with staggering gains.
Currently, Bitbot has raised more than $2.2 million and could accelerate towards the final stage amid Bitcoin halving and spot ETF sentiment.
For more information about Bitbot, visit the project’s website.
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