Bitcoin News Today: Bitcoin Surges 1.73% to $118K as Utility-Driven Altcoin Remittix Attracts Investors

Bitcoin’s price has surged past $118,000, a key threshold that signals renewed investor confidence amid broader market fluctuations. This rally, which saw the asset climb 1.73% to $118,167.22 with a $2.35 trillion market cap, contrasts with a 38% decline in overall trading volume, highlighting cautious sentiment among traders [1]. Meanwhile, attention is shifting toward alternative cryptocurrencies offering practical use cases, particularly in cross-border transactions. Among these, Remittix (RTX) has emerged as a focal point for investors seeking diversified exposure to utility-driven DeFi projects.

The Remittix token, currently priced at $0.0876, has raised over $17.3 million in its presale, inching closer to its $18 million soft cap. A 50% discount is available as the project accelerates toward its goals. Unlike speculative assets, Remittix addresses a tangible market need: facilitating low-cost, real-time crypto-to-bank transfers across 30+ countries. By enabling users to convert cryptocurrencies like BTC, ETH, and XRP directly into fiat accounts, the platform circumvents traditional payment system inefficiencies, which often impose high fees and delays [1].

A key differentiator is the upcoming beta wallet launch in Q3 2025. This mobile-first tool will support 40 cryptocurrencies and 30 fiat currencies, with integrated real-time foreign exchange conversion. For freelancers, businesses, and remittance senders, this functionality reduces reliance on legacy banking systems while maintaining low gas fees—a critical advantage in a market where transaction costs often deter mass adoption. The project’s deflationary tokenomics and CertiK-audited smart contracts further bolster its appeal, offering security assurances to early adopters [1].

Investor interest in Remittix has been fueled by its presale progress and tangible milestones. With over 569 million RTX tokens sold, the project has attracted attention for its community-driven approach and clear roadmap. The beta wallet’s launch is expected to catalyze adoption, as it simplifies crypto-to-fiat exchanges—a barrier that has historically limited mainstream usage. Analysts note that projects with real-world utility, like Remittix, may outperform in 2025 despite Bitcoin’s volatility, as they cater to niche but high-demand markets [1].

While Bitcoin’s price movements continue to dictate market sentiment, diversification into projects like Remittix allows investors to hedge against crypto’s inherent risks. By pairing exposure to Bitcoin with utility-focused altcoins, portfolios can balance speculative gains with practical applications. However, investors are cautioned to conduct due diligence, as the presale discount and $250,000 giveaway campaign are exclusive to the project’s marketing strategy [1].

The broader crypto landscape remains fragmented, with Bitcoin’s recent dip to $115,000 indicating ongoing volatility [2]. Yet, initiatives like Remittix underscore the sector’s evolution beyond speculative trading. By addressing real-world friction points—such as cross-border payment costs and accessibility—these projects could redefine crypto’s role in global finance. As the beta wallet’s Q3 release approaches, the market will likely scrutinize its ability to deliver on its promises, offering a litmus test for the project’s long-term viability.

Source: [1] [Bitcoin Price Reclaims $118K, Is Remittix the Smarter Alternative for Portfolio Growth?](https://coindoo.com/bitcoin-price-reclaims-118k-is-remittix-the-smarter-alternative-for-portfolio-growth/)

[2] [nequi.org](https://nequi.org/)