Bitcoin still struggling around $61k: Will it dip lower?
Key takeaways Bitcoin continues to struggle below $62k and could plunge lower in the short term. Bitbot has raised $3.3m so far, with only two stages of the presale left. Bitcoin stays below $62k Bitcoin has been struggling in recent weeks and could record further losses if the market condition persists. At press time, the price of Bitcoin stands at $61,254, down by than % in the last seven days. The poor performance comes as the US Federal Reserve recently dashed hopes of cutting interest rates in the short term. Risk-averse assets like Bitcoin continue to underperform with the interest rate still high. What is Bitbot? Bitcoin’s boring price performance hasn’t affected other activities in the broader crypto market. Presales and airdrops continue to attract the attention of Degens and other industry participants. Bitbot is one of the projects that is raising capital from investors to address certain pain points in the mark...