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Earlier this month, Bitcoin price rose to a high of $124,000 before easing with a cool-off to trade below $110,000 level. Ethereum, on the other hand, pushed optimism for a new altcoin season, breaching new all-time highs for the first time in 1,381 days amid resuming ETF inflows. Some alts have been identified as the best crypto buys this summer, and a common name popping on the list of market experts is Remittix (RTX).
This project has drawn the attention of several natives for its reinventing angle on overcoming slow and costly cross-border payments. Today, we take a closer look at Bitcoin price dynamics, the latest in Ethereum weekly news, and why Remittix is quickly being seen as one of the hottest cryptos to buy today.
Earlier this month, Bitcoin price rose to a new peak of $124,000 before cooling off and dipping below the $110,000 mark. This correction has stirred discussions within crypto circles about whether or not the BTC’s bull run has run out of fuel. Bitcoin price could be on the cusp of another slump as technicals show there are red flags ahead for the asset.
But that’s not all, the critical support at $111,500, which was held by investor caution, was breached in recent trading sessions. At the same time, many analysts point to alt rotation as one reason behind Bitcoin’s dwindling momentum. Retail traders are seeking higher upside potential in alts, meaning liquidity could temporarily move from Bitcoin to other low-capped projects.
This week, Ethereum ETFs attracted $307 million in inflows, surpassing Bitcoin ETF flows. Within just three days, ETH spot ETFs accumulated over $1.2 billion, taking the total to $13.64 billion. This market shift reinforces the ongoing institutional shift from Bitcoin towards alts. ETH briefly touched $4,946, up a massive 250% from April lows.
This rally has been fueled largely by increased activity from crypto whales and institutional investors, with over 200,000 ETH withdrawn from exchanges in recent days, significantly tightening the available supply. Although ETH has since cooled off to $4,339 after a 5.5% daily dip, many remain optimistic, with $5,000 still seen as a key target before September.
Remittix (RTX) is one of the most promising projects right now, and it is rightly so. This PayFi platform is designed to make cross-border payments instant, affordable, and accessible. Remittix adopts a simple DeFi model, which will allow users to instantly convert crypto into over 30+ local fiat currencies (USD, GBP, EUR, and more), sending funds to anyone, anywhere, without relying on centralized exchanges or having to wait for days before settlement.
But RTX’s market potential is not just its working DeFi model but also its execution. Project infrastructure is already live, and with a wallet beta launch planned for mid-September, the project is expected to start processing real transaction volume ahead of listings.
On top of this, both Bitmart and LBank have confirmed that RTX will soon make its debut on their platforms.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
