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Remittix Set to Revolutionize Crypto-to-Fiat Transactions; Experts Predict It Will Surpass Shiba Inu (SHIB) This Year

Is Shiba Inu (SHIB) losing its momentum? Experts think so, as Remittix emerges as a significant player in crypto-to-fiat transactions. Unlike SHIB, which thrives on hype, Remittix is grounded in practicality, offering rapid, secure, and affordable international transfers. Its innovative strategy and increasing popularity are drawing investors` attention. Could this promising token be poised to surpass SHIB and reshape the future of cryptocurrency? Let`s dive in. Shiba Inu (SHIB) Struggles Amid Inflation Worries and Market Downturn As the broader cryptocurrency market experiences a downturn, Shiba Inu (SHIB) has faced a significant drop. SHIB`s value has decreased by 8.2% in the past day, mirroring Ethereum`s 7.4% and Bitcoin`s 5% declines as new economic data raises investor concerns. This sell-off was triggered by unexpected job figures from the U.S. Bureau of Labor Statistics (BLS). With 8.1 million job openings in November, exceeding analysts` expectations of 7.7 million, the robust economic activity might lead to heightened inflation. Such inflation worries have pushed U.S. Treasury rates higher, affecting markets like SHIB. Shiba Inu investors worry that persistent inflation might cause the Federal Reserve to delay cutting interest rates. High rates typically deter riskier investments, such as cryptocurrencies like SHIB. Even though the Fed recently lowered rates, the benchmark remains elevated to combat inflation. A slower pace of rate cuts would negatively impact SHIB and similar tokens. While SHIB has faced recent setbacks, its community remains strong. However, investors are cautious due to market uncertainty linked to interest rates and inflation. SHIB`s price reacts to economic conditions, and its future likely hinges on broader market recovery and investor sentiment. SHIB holders are keenly observing upcoming economic data, hoping for a market rebound. Remittix: A Revolutionary Presale Token Set to Transform Global Payments Remittix is changing the landscape of global payments by effectively merging blockchain technology with user-friendly solutions. Supporting almost 100 cryptocurrencies, the platform offers a straightforward 1% transaction fee, cutting out expensive foreign exchange fees and enabling swift payouts. This system is ideal for both personal and business use, appealing to startups and large corporations alike. It’s clear why Remittix is being hailed as one of the top coins to purchase now. Remittix excels with its straightforward crypto-to-fiat transfers. The software directly deposits cryptocurrency into bank accounts after automatically converting it to cash. With its innovative approach, Remittix ensures user-friendliness and positions itself as a leader in crypto payments, making it one of the best cryptocurrencies to invest in now. The Remittix Pay API opens up new opportunities for businesses. By allowing companies to easily accept cryptocurrency payments, this tool removes technical barriers and grants access to the rapidly growing crypto market. Remittix helps businesses stay competitive by streamlining the payment process. In the $250 trillion cross-border payment market, Remittix stands out against competitors like Stripe, Wise, and Coinbase. The platform is set to disrupt the industry with enhanced speed, scalability, and cost efficiency. This makes its $RTX token highly sought after during its presale phase, available at just $0.0217. Investors are drawn to Remittix due to its potential for growth. With a transparent ecosystem supported by BlockSAFU audits, this project offers both security and innovation, cementing its status as one of the top coins to purchase now and the best coin to invest in today. Don’t miss the opportunity to be part of this groundbreaking platform! Explore the Future of PayFi with Remittix by Visiting Their Presale Here: Website: https://Remittix.io/ Socials: https://linktr.ee/Remittix Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice. Bitcoin.com

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Bitcoin Price Analysis: Is BTC Ready for a New All-Time High Above $108K?

Bitcoin’s $90K support region has demonstrated its strength, sparking a notable bullish surge. The price is now nearing its all-time high of $108K, where a breakout could ignite a short liquidation cascade, potentially pushing the asset into uncharted territory. Technical Analysis By Shayan The Daily Chart The $90K support zone has proven to be a robust floor, holding the price steady in recent months and showcasing strong buyer confidence. This resurgence of buying interest has driven Bitcoin above the channel’s middle trendline, positioning it close to the ATH at $108K. That peak level represents a substantial resistance region with concentrated supply and heightened selling pressure. As Bitcoin approaches this critical threshold, short-term volatility is expected due to the ongoing battle between buyers and sellers. If bullish momentum continues, reclaiming the ATH at $108K could trigger a short liquidation cascade, likely resulting in another surge as market participants rush to cover positions. The 4-Hour Chart The lower timeframe highlights the importance of the $90K support, which has consistently halted downward momentum in recent months. This has fueled an impulsive bullish move, driving Bitcoin toward the $108K resistance zone. This region not only represents Bitcoin’s ATH but also aligns with the ascending channel’s middle boundary, further reinforcing it as a critical juncture. A successful breakout and consolidation above this level could pave the way for a sustained rally toward new highs. The upcoming price action at the $108K resistance region will be crucial in determining Bitcoin’s next trend, with heightened volatility expected in the short term. On-chain Analysis By Shayan The realized price of UTXO age bands, particularly for the 1-3 month cohort, offers critical insights into short-term holding behavior and broader market sentiment. This metric represents the average acquisition price for recent buyers, acting as a dynamic support or resistance line that reflects market confidence. When Bitcoin is above this short-term cohort’s realized price, it signals growing bullish momentum. This indicates that new buyers are confident in holding their positions, even at elevated price levels. Conversely, a drop below this threshold suggests a heightened risk of sell-offs, as these participants face unrealized losses. Recently, the realized price for the 1-3 month UTXO cohort at the $90K region has acted as a crucial support level, pushing the asset up toward its ATH. Bitcoin holding above this level signals a bullish sentiment in the market, with the potential for the price to continue its upward trajectory. However, if the cryptocurrency breaks below this dynamic support line, market sentiment could shift to a fearful state, increasing the likelihood of a distribution phase. The post Bitcoin Price Analysis: Is BTC Ready for a New All-Time High Above $108K? appeared first on CryptoPotato . Bitcoin.com