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.

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

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

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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

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

Bitbot’s unique features, including no-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

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

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

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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.

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