BlackRock's Spot Bitcoin ETF Records Stellar Trading Volume, Fueling Speculation on Crypto Market Surge

BlackRock’s IBIT Leads Surge in Bitcoin Trading Volume

BlackRock’s spot Bitcoin ETF, for the second consecutive day, achieved a remarkable trading volume of $1.3 billion. BTC surged to $57k amidst Bitbot’s presale nearing $750k. BlackRock’s IBIT witnesses a significant surge in trading volume. Bitcoin shows remarkable performance this week, attributed to BlackRock’s IBIT and other spot Bitcoin ETFs.BlackRock’s IBIT, for the second consecutive day, records a trading volume of $1.3 billion, surpassing Tuesday's $1.35 billion.The positive momentum propels BlackRock’s IBIT to become the fifth most traded among all U.S.-listed ETFs during morning hours, indicating growing institutional interest in Bitcoin.The increasing trading volume potentially spills over into the crypto market, where projects like Bitbot offer innovative solutions for traders and investors.

What is Bitbot?

Bitbot is a Web3 project aiming to revolutionize cryptocurrency trading. As a Telegram trading bot, it provides accessible features to enhance trading experiences.

Unique Features of Bitbot:

Bitbot offers self-custodial trading, allowing users to trade via cold wallets on Telegram, leveraging Telegram’s popularity among crypto users. The platform integrates high-end security features, including Knightsafe for self-custody solutions and anti-MEV and anti-rug solutions to safeguard user assets. Additionally, Bitbot plans to introduce a copy trading feature, enabling novice traders to emulate successful trading strategies.

Bitbot’s Presale Progress:

Bitbot’s presale progresses steadily, reaching $736k out of the required $862k for the current stage. The $BITBOT token currently trades at $0.0116, expected to rise to $0.0122 in the upcoming round. Allocation of token supply includes 20% for ongoing development, 14% for marketing & CEX listings, and 3% for exchange liquidity provision.

Potential Post-Presale Performance:

Historically, cryptocurrencies tend to surge after presales, especially upon listing on exchanges. With Bitbot’s successful presale, its token could experience further growth post-listing on CEX and DEXs. Given the right adoption rate, Bitbot stands to benefit from the increasing trading volume driven by factors like Bitcoin halving, positioning itself as a significant player in the current market cycle.