Bitcoin's price drops below $116,500 following FOMC discussion; predicting Bitcoin's future direction
Remittix, a rising star in the crypto world, has made a significant impact, securing the number one spot on CertiK's Pre-Launch leaderboard. This prestigious ranking underscores Remittix's commitment to maintaining high security standards, a crucial factor in the ever-evolving digital currency landscape.
Currently, a generous giveaway of $250,000 is underway, offering participants a chance to win a slice of the Remittix pie. Interested parties can join the competition at https://gleam.io/competitions/nz84L-250000-remittix-giveaway.
The recent 25 basis point cut by the Federal Reserve has sparked renewed interest in risk assets, making Bitcoin (BTC) more appealing compared to bonds. This trend could potentially benefit Remittix, given its unique position in the market.
Remittix has launched a wallet beta with multi-chain support for Ethereum and Solana, marking a significant step forward in its mission to revolutionise global remittances. The platform is more than just a meme or a speculative bet; it's building the infrastructure for a solution to a $19 trillion payments problem, enabling direct crypto-to-bank transfers in over 30 countries.
The project has already raised over $26.1 million from the sale of 666 million tokens, a testament to the strong investor demand for Remittix. To accelerate adoption, Remittix offers daily 15% USDT referral rewards.
Remittix is also bringing real-world use cases to crypto, potentially offering a different investment opportunity compared to Bitcoin (BTC). Institutional demand is providing a floor for the BTC price, and Remittix could be the next big player in this space.
The BTC price is consolidating in an ascending channel that started in early September. Bulls are looking for resistance at $117,980 and $120,000, while bears see downside risk if $115,750 breaks. Support for the BTC price is at the 50-SMA near $115,900 and the 200-SMA around $113,300.
On-chain data shows ETF inflows remain strong even as retail traders stay cautious. A move back to $120,000 remains possible, but downside pressure to $114,400 cannot be ruled out.
Remittix has confirmed CEX listings on BitMart and LBank for early liquidity. For more information about Remittix, visit their website at https://remittix.io/ or follow them on their socials at https://linktr.ee/remittix.
Remittix is designed for freelancers, remitters, and businesses seeking low gas fee crypto transactions. As the project continues to gain recognition as a promising crypto investment, it's worth keeping a close eye on its progress.
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