Crypto Market Update: Bitcoin Price, Cronos, PYTH, and Remittix in the Spotlight

Bitcoin price stands at $108,590.55, declining by 1.95% within the last 24 hours. Cronos (CRO) was up 5.29% to $0.3133, while Pyth Network (PYTH) is down 20.3% to $0.1936. Remittix (RTX) has already raised over $22.3 million in its presale, with its beta wallet launch set for Q3 2025. The project aims to bridge crypto and traditional finance by enabling direct deposits into bank accounts.

Bitcoin's price has declined by 1.95% in the last 24 hours, reaching $108,590.55. The drop has led to significant liquidations, with over $800 million in positions wiped out, impacting 180,000 traders [1]. Bitcoin's decline to nearly $110,000 appears to have sparked this liquidation wave, as indicated by bearish market sentiment and a Relative Strength Index (RSI) nearing oversold territory [1].

Cronos (CRO), on the other hand, has seen a notable 5.29% increase, trading at $0.3133. This rally is largely attributed to the $6.4 billion treasury strategy announcement involving Trump Media, Crypto.com, and Yorkville Acquisition Corp. The partnership aims to create a digital asset treasury company focused on acquiring CRO, with a significant portion of the funds allocated to direct CRO purchases and integration into Trump Media platforms [2, 3].

Pyth Network (PYTH) has experienced a substantial decline of 20.3%, falling to $0.1936. The drop is likely influenced by broader market sentiment and potential regulatory concerns.

Remittix (RTX) has raised over $22.3 million in its presale, with its beta wallet launch scheduled for Q3 2025. The project aims to bridge the gap between crypto and traditional finance by enabling direct deposits into bank accounts. The presale has seen significant interest, with over 630 million tokens sold, and the project is set to list on centralized exchanges like BitMart and LBank, increasing liquidity and exposure [4].

In summary, the market has shown signs of volatility with Bitcoin's decline and subsequent liquidations, while Cronos has seen notable gains due to strategic partnerships. Remittix continues to attract interest with its presale success and real-world application focus.

References:
[1] https://ambcrypto.com/800m-liquidated-in-24-hours-after-bitcoins-price-falls-to-110k/
[2] https://finance.yahoo.com/news/cronos-cro-price-rally-continue-153925043.html
[3] https://www.ainvest.com/news/crypto-trump-media-launch-6-4b-cro-treasury-company-2508/
[4] https://blockchainreporter.net/remittix-raises-over-22-4-million-becomes-the-best-crypto-presale-to-buy-now-over-cardano-solana/