Like much of the crypto market, Bitcoin has been feeling the heat from bearish crypto news lately. The price is reportedly 22% down from its all-time high of $109,000, even though long-term holders have been steadily accumulating BTC tokens. Veteran traders have been selling off their BTC holdings, however, as they search for newer, more profitable projects. Sure, Bitcoin will bounce back, but given the US economic struggles, the DeFi giant might take its time. New projects like PayFi token Remittix are the most viable investments for short-term and long-term gains. Remittix is also revolutionizing the payment landscape in the crypto market. It’s ushering a stress-free pathway to sending crypto assets to fiat bank accounts. There’s even more to the Remittix project; find out here. Bitcoin Price Hits Slump; Here’s Why There have been multiple factors affecting the Bitcoin price in the past few weeks, but recently, the outflows from Bitcoin’s ETFs have been a significant factor. The past week saw crypto asset losses worth about $1.7 billion in the US, with losses in Bitcoin leading the way. The ETFs have been in quite a slump in the past few weeks, as data for the past five weeks shows total crypto investment losses of about $6.4 billion. The year-to-date figures are net positive, with about $912 million in profits, but the Bitcoin ETF outflows are pushing toward a negative figure. Bitcoin commands about 93% of the total crypto investment products; thus, moves on the spot Bitcoin ETF charts largely impact the sector significantly. Already, Burk, one of the top BTC tokens holders, sold his stash off at the all-time high and is looking to new projects including Remittix for investment. Meanwhile, the Bitcoin price continues its slump to less than $83,000 on Tuesday, March 18, 2025, ahead of the monthly Federal Reserve policy meeting in the US. What To Expect From Bitcoin and Pi The next few days will be decisive, given the Fed’s meeting scheduled for March 18 – 19, 2025. Bitcoin’s price could be off to a bearish slump in the near future with the stagflation affecting the US economy, but traders are hopeful for a bounce back. According to experts, there will always be such corrections as these on the Bitcoin charts. The bullish cycle is still in for the year, and the Bitcoin price would be back to uptrends soon. Pi is another coin that has been slipping into bearish zones lately. The project recently celebrated its six-year anniversary, but the past 24 hours have seen the Pi price fall below its $1.50 support level. Still, investors like Burk have started buying the dip on Pi , in anticipation of a rally soon. Pi is trading at $1.10, some 20.63% down on the weekly timeframe. On the other hand, Remittix (RTX) , like Bitcoin, sports a fixed token supply, giving the token even more credibility among crypto traders and investors. Here’s some of what the new PayFi platform offers. Get Ready For Payments With Remittix! The new Remittix project is about to change the entire process of withdrawing crypto assets from your crypto hot wallets. While PayFi platforms like Ripple and Stellar have dominated the sector for decades, neither of the giants has offered its services at the trader level. In other words, Ripple and Stellar are better suited to corporate use, where companies can move funds to clients or other branches via blockchain. Remittix, on its own, will be a trader’s favorite before long. It’s like having a Swift account for crypto assets. Plus, it’s very easy to navigate. To begin a transaction, the user only needs to input the recipient’s fiat bank details and the amount of crypto assets they wish to convert to fiat. After the user pays gas fees and approves the transaction, the smart contract generated for that transfer converts the crypto into the relevant fiat currency and finalizes the transaction in the fiat bank. One perk of having Remittix handle such withdrawal requests is that there’s no need for an intermediary. There are no exchanges, no extra charges, and no bank fees. The crypto assets simply go straight out of the wallet and into the bank account provided–and without traces to the blockchain. With features like these, Remittix is sure to be a go-to for crypto traders in the near future. The platform makes withdrawals easier and traders will swarm Remittix to complete their withdrawals. Such traffic can only raise the demand for RTX coins–and that’s where the investors are at. Remittix Presale is On! The RTX coins are the hot topic in the crypto market, as many crypto traders are buying into the project early. Early purchases increase your chances for more ROI by launch day. But the fun (and profits) don’t end on launch day. Watch out for Remittix’s 100x; hold your RTX coins and watch them spike post-launch. Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Veteran Investor, dubbed the ‘Warren Buffett of Crypto,’ Sold BTC At $109K and Is Now Stocking Up on These 2 Coins appeared first on Times Tabloid .
