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Solana, Ethereum retrace amid massive liquidations: Bitbot maintains momentum

By:
on Apr 13, 2024
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  • Bitcoin’s sudden dip to $65K catalyzed $800M in losses.
  • Solana and Ethereum saw notable declines following the liquidations.
  • Telegram-based Bitbot displays resilience amid continued funding from investors.

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Bitcoin’s (BTC) sudden dip from $70.8K to $65K within a few hours caused chaos within the crypto market, triggering losses of over $800 million within 24 hours.

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The altcoin market suffered the most, with Solana (SOL) and Ethereum (ETH) erasing their bullish biases. Meanwhile, Bitbot (BITBOT) presale has seen stable participation, having raised over $2.3 million.

Ethereum halts bullish bias

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The altcoin market plummeted dramatically following the bearish ride. Ethereum lost around 10% within the past day to trade at $3,254.

ETH 1D Chart on Coinmarketcap

That represented a minor recovery as Ether declined to $3,099 in the latest plunge. Consequently, the alt breached its previously formed higher lows, ending the ongoing optimistic trend on the price chart.

Ethereum hovers within the value area it tested on March 20. It might surpass $3,385 soon if it follows the same trajectory in the upcoming sessions.

Bitbot sees unwavering investor support

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The new Telegram-based trading bot witnesses demand amid positive developments on the messaging platform, including a potential IPO.

Bitbot’s unique features, including non-custodial solutions, artificial intelligence integration, and institutional-grade trading tools, have attracted massive investor attention.

The project has raised $2,315,356 at stage ten of its presale. That reflects confidence about Bitbot’s future.

BITBOT poised for remarkable growth

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The one-of-a-kind trading bot will use BITBOT as its in-house token.

The project’s new approach, addressing problems that have plagued rivals Banana Gun and Unibot, sets BITBOT at an edge of outshining its competitors in price surges and market cap growth.

Further, incentives such as revenue distribution among token holders build a massive community, a crucial element in supporting BITBOT’s long-term performance.

BITBOT traded at $0.0155 during this writing, and experts trust the project’s strategic positioning will see it dominating the Telegram trading bots narrative in 2024.

That would translate to enormous growth and impressive price actions from the asset.

Solana is seemingly losing steam

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Solana followed a similar path, dropping more than 12% over the past day to press time prices of $151.15.

SOL 1D Chart on Coinmarketcap

The alt violated the established higher low, ruining the ongoing bullish bias. Solana’s price actions since April 1 suggested possible price dips.

SOL maintained multiple lower highs and lower lows since early on the month, confirming a bear edge. The token needs a massive bullish comeback to relaunch solid rallies.

You can find more details about Bitbot here.

This article is a collaboration between our Editors and our Partners, and it may contain sponsored advertising content and links. The content is not intended as financial advice and is for informational purposes only.

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