The price of Bitcoin has again been stirred by BlackRock’s latest move — the asset manager just purchased another 1,230 BTC under its spot ETF program.
Although there are some investors who are cheering the purchase, others are becoming increasingly anxious, and August appears to be a potentially risky month for the world’s largest cryptocurrency.
Meanwhile, new projects like Remittix are quietly gaining traction, offering utility-based alternatives outside of Bitcoin’s ETF-driven swings.
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Bitcoin surge continues, but is a correction coming?
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Bitcoin’s price is at $118,787.84, with a market capitalization of $2.36 trillion. Its 24-hour volume is up to $67.12 billion, an addition of 9.7%.
Despite these metrics suggesting strength, the reasoning goes that the sudden inflows from institutions like BlackRock would create a temporary bubble.
The worry is that Bitcoin is getting too hot too quickly without corresponding broad retail adoption.
Cryptocurrency traders have witnessed such spikes before, with Bitcoin gaining tremendous ground only to reverse in the subsequent weeks.
With August proving to be a sluggish month for cryptos in the past, some investors are preparing themselves for a possible retracement.
ETFs fuel institutional demand for Bitcoin
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BlackRock’s physical Bitcoin ETF continues to attract substantial inflows, contributing much to today’s positivity. It’s a sign that traditional finance still considers Bitcoin as a long-term store of value.
ETFs like BlackRock’s offer exposure without being required to store private keys or wallets, making it easier for hedge funds and banks to access the crypto market.
However, critics warn that this institutional presence warps price discovery and engenders exaggerated market responses.
In spite of the warnings, Bitcoin dominance remains strong on exchanges, and more ETF filings are expected in Q3 2025.
For less volatile and more practical uses of crypto-asking investors, other DeFi projects are gaining prominence.
Remittix offers a different kind of utility
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As Bitcoin’s ETF-driven rally gets all the attention, new cryptos with real-world usability like Remittix (RTX) are finding their footing in the background.
At a price of $0.0876 per token, Remittix has already garnered more than $17.6 million in presale with well over 574 million tokens sold.
Remittix is building a low gas fee cryptocurrency payment infrastructure that connects decentralized exchange users with global fiat banking networks around the world.
Remittix’s upcoming Q3 2025 launch wallet will allow sending cryptocurrencies like BTC, ETH, or XRP directly to traditional bank accounts in over 30 nations — all through real-time FX conversion.
Today, there’s a 50% token bonus live as the project aims for its $18 million soft cap.
Investors can also participate in the $250,000 Remittix Giveaway, giving further incentive to delve into this rapidly growing top crypto presale 2025.
Check out the official Remittix website or remain informed through their Linktree hub.
Why Remittix Is Making Waves
- Global Use Case: Crypto-to-bank transfers in 30+ nations
- Beta Wallet Launching Q3: Real-world usability with rapid execution
- CertiK Audit Done: Focus on security and trust
- $17.6 million + Funded: Interest in presale continues to build
- 50% Bonus Ongoing: Limited-time presale discount is still available
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
This article is authored by a third party, and Invezz does not endorse or take responsibility for its content, accuracy, quality, advertisements, products, or materials. Readers should independently research and exercise due diligence before making decisions related to the mentioned company.
