Bitcoin and Ethereum continue to face macroeconomic challenges and changing market sentiments, while Remittix (RTX) draws attention due to its fundamentals and upcoming wallet launch.
Bitcoin Under Pressure from Tariffs and Liquidity Changes
Despite optimism from trade talks in Stockholm between the U.S. and China, Bitcoin has struggled to regain momentum. A proposed tariff pause beyond the August 12 deadline offers temporary relief, but analysts remain divided. After peaking at $119,784, Bitcoin’s price fell to $118,000, extending its 11-day trading range. Some argue that Bitcoin could rise if macro headlines turn favorable, while others warn that tariff-related uncertainty and an aggressive Fed stance on inflation could stall further gains.
Ethereum: Institutional Investment Growth and Volatility Risk
On-chain data shows a surge in whale activity for Ethereum. Since July 9, nine wallets have acquired over 640,000 ETH valued at above $2.43 billion. OTC transactions from Galaxy Digital suggest that large investors are actively accumulating while avoiding public exchange order books. These coordinated purchases indicate growing institutional confidence in Ethereum, but they also raise the risk of sharp corrections if whales decide to exit positions.
Remittix: Prospects and Growing Attention
While Bitcoin and Ethereum struggle with external pressures, Remittix (RTX) is showing growth due to its fundamentals. The Ethereum-based token has raised over $17.8 million, selling more than 575 million tokens at $0.0876 each. Its upcoming beta wallet launch on September 15 is drawing significant interest from freelancers and global crypto users. Remittix's mission to facilitate seamless cross-border transactions has made it one of the most talked-about projects this quarter.
August may see a shift in attention from Bitcoin and Ethereum to Remittix, which shows stable growth and offers real utility, even in light of global economic challenges.
