The crypto market is buzzing again, with Bitcoin facing bearish pressure while Chainlink and Remittix show progress.
Bitcoin Faces Bearish Pressure
Open interest in Bitcoin is rising despite price declines. BTC has struggled to rise above key retracement levels, with the RSI at 43 indicating ongoing bearish sentiment. If August lows are not supported, the price could drop to $112,000. Trading volume has slightly decreased, indicating market uncertainty, while the fear and greed index remains neutral at 50.
Chainlink Expands On-Chain Data Capabilities
Chainlink (LINK) has announced a partnership with the Intercontinental Exchange (ICE) to provide quality forex and precious metals data on-chain. This integration will enhance transparency in blockchain markets, supporting both traditional financial institutions and Web3 developers. Technical analysis points to support at $25.40 and resistance at $26.72, with potential movement towards $30.55.
Remittix Gains Popularity Among Investors
Remittix (RTX) is quietly building momentum, having sold over 612 million tokens. With real-world applications in transactions, the project attracts attention from both institutional and retail investors. Remittix plans to launch a wallet beta in Q3 with support for over 30 currencies, offering low conversion fees and institutional-grade security.
Amidst uncertainty for Bitcoin and the positive developments for Chainlink and Remittix, the cryptocurrency market continues to evolve, drawing investor interest in new opportunities.
