Why is the Bitcoin price crashing? Analysts identify RTX as a hedge
Bitcoin’s latest downturn has rattled the market, with BTC sliding toward the $95,000 range and pulling major altcoins down with it.
The decline has sparked fresh speculation that Strategy (MSTR) may be offloading Bitcoin.
These rumours were quickly denied by the company. As uncertainty deepens, some analysts point to Remittix (RTX) as a developing hedge within the payment-focused crypto segment.
Bitcoin weakness sparks market-wide fear
Bitcoin’s rejection near $107,000 triggered a sharp pullback, leading to rapid capital rotation out of riskier assets.
The effect was immediate:
- The Crypto Fear & Greed Index dropped to 22, signalling “Extreme Fear.”
- Market volumes thinned, with BCH spot activity falling over 21%.
- BCH futures open interest dropped 4.58%, reinforcing risk aversion.
Source: CoinMarketCap
Bitcoin currently trades near $95,700, still significantly higher than last year’s levels, but its sudden drop has raised concerns about deeper corrections.
Online chatter intensified earlier today after on-chain data showed Bitcoin leaving wallets linked to Strategy.
The speculation suggested the company might be trimming its massive 641,000 BTC position amid the downturn.
CEO Michael Saylor shut down the rumors within hours. Despite the crash, Saylor said Bitcoin remains on a long-term upward path and that today’s price movement is noise when viewed in a broader context.
Strategy shares, however, continue sliding down nearly 35% year-to-date and now trading below the value of its BTC holdings.
Why analysts see Remittix (RTX) emerging as a hedge
While volatility dominates trading assets, analysts say utility-driven payment tokens may offer stability. Remittix (RTX), a PayFi project focused on global transfers, is attracting attention for its measurable adoption progress.
Remittix’s figures are:
- Funds raised: $28.1M+
- Tokens sold: 685,090,496
- Current price: $0.1166
- Next price: $0.1190
- Supports ETH, USDT, and card payments
- $250,000 ecosystem giveaway
What sets RTX apart
- Bridges crypto-to-bank transfers across 30+ countries
- Verified by CertiK, strengthening trust in a sector often clouded by uncertainty
- 15% USDT referral rewards that boost network effects
- Clear utility narrative, unlike speculation-driven assets
Analysts note that while RTX is progressing steadily, its long-term scalability is narrower than BlockchainFX (BFX), which operates with a multi-asset revenue engine. Still, its payment-focused design gives it resilience during market turbulence.
As Bitcoin navigates extreme fear and MSTR dispels selling rumors, traders are watching the market for stabilization.
For now, the spotlight is shifting toward utility-driven assets like RTX tokens whose value is tied to real-world function rather than market sentiment.
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
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