Bitcoin News Today: Bitcoin Surges 0.74% Past $118K as Fed Pauses Cuts, LiteCoin and Remittix Attract Bullish Attention

Bitcoin rebounded above $118,000 following the U.S. Federal Reserve's decision to pause rate cuts, sparking renewed optimism in the cryptocurrency market. The move saw the price rise 0.74% within 24 hours, reaching $118,383 and marking its highest level in two days. This resilience has drawn attention to other altcoins, with Litecoin and Remittix (RTX) emerging as potential breakout candidates in the coming months.

Litecoin is drawing renewed interest after showing a technical indicator similar to the one seen before its 2017 surge. The coin’s Average Directional Index (ADX) has crossed the key 20 level, signaling a potential upward move. Currently trading above $115, Litecoin’s price action is supported by a stable RSI and a confirmed MACD crossover. If it breaks the $165 resistance within its seven-year symmetrical triangle, analysts believe it could rally toward $225, $325, or even $500. Institutional interest and the possibility of a Litecoin ETF are further fueling bullish expectations, although the coin must maintain support above $105 and push past $115 to continue its upward trajectory.

Meanwhile, Remittix has attracted significant attention as a low-cost, Ethereum-based token with real-world utility. The project has raised over $17.9 million by selling 577 million tokens at $0.0895 each. Its beta wallet, set to launch in Q3 2025, aims to enhance cross-border transactions by offering direct crypto-to-bank transfers and real-time FX conversions. With a current price of $0.0876, Remittix is being positioned as a potential 30x or even 100x performer. The token’s growing adoption, coupled with a $250,000 giveaway campaign, has driven substantial awareness and investor interest.

The broader market environment has also benefited from Bitcoin’s recovery, with ETF inflows rising and the price holding steady above $117,000. The GENIUS Act’s progress in expanding stablecoin access has added to the positive sentiment. Analysts predict that if Bitcoin maintains this trend and avoids heavy selling pressure, it could reach $150,000 by the end of 2025. This bullish outlook has encouraged traders to explore smaller-cap projects with clear utility, with Remittix standing out due to its focus on real-world payments and transparent pricing.

Despite the optimism, volatility remains a key risk. Investors are advised to monitor key resistance levels and on-chain activity to assess the sustainability of the current rally. For Remittix, the focus is on maintaining its low-cost transaction appeal and expanding its user base through practical applications. The token’s growing community and real-world use cases are expected to play a crucial role in its long-term performance.

[1] Invezz: https://invezz.com/news/2025/08/01/btc-rebounds-after-fed-rate-decision-litecoin-remittix-look-set-to-skyrocket/

[2] CoinCentral: https://coincentral.com/dogecoin-doge-price-why-this-pullback-could-fuel-the-next-major-rally/

[3] Bitcoin Insider: https://www.bitcoininsider.org/article/281088/dogecoin-price-primed-breakout-remittix-steals-spotlight-484-surge-2025

[4] Bitcoin Insider: https://www.bitcoininsider.org/article/281085/eth-bulls-target-5k-q3-one-ethereum-based-token-could-be-set-30x-run-remittix-rtx

[5] Mitrade: https://www.mitrade.com/au/insights/news/live-news/article-3-1000399-20250731

[6] CoinJournal: https://coinjournal.net/news/cardano-ada-price-eyes-1-rebound-but-analysts-say-this-0-08-altcoin-could-outperform-ada-this-cycle/

[7] CoinJournal: https://coinjournal.net/news/xrp-price-prediction-ripple-etf-buzz-builds-yet-whales-are-quietly-loading-up-on-remittix-rtx