Bitcoin Breaks $87K as Remittix Gains Early Attention Amidst PayFi Rotation
Bitcoin's price broke above $87,000 for the first time in eight months, reaching approximately $87,359. This surge can be attributed to ETF inflows, institutional buying, and a large short squeeze that changed the market's tone.
The immediate psychological barrier for Bitcoin is now $90,000, where profit-taking risk could increase. A close above $87,359 could open a test of this level, while a decisive break could bring higher projections around $93,000 and $97,000 into view.
Rising open interest increases liquidation risk, meaning the next move may remain volatile even if the wider trend stays constructive. ETF purchases and corporate treasury demand provide structural support to Bitcoin's price.
Remittix, a project that combines bank settlement with live trading, mobile custody, and a planned earning product, is attracting early PayFi interest as its presale approaches completion. With a hard cap of $36 million and a current sale price of $0.21 before a planned increase to $0.23, Remittix may see significant growth if Bitcoin breaks above $90,000.