Bitcoin Price Slips as Treasury Yields Rise, Remittix Rolls Out PayFi Feature

p>Bitcoin's price recovery has been put to the test by rising U.S. Treasury yields. The 10-year Treasury yield touched 5.34% on October 1, its highest level in decades, making bonds more attractive to investors. This could slow down the rally of risk assets, including Bitcoin, which had recovered to the mid-$80,000s. The question now is whether buyers can defend the low-$80,000 range and push the price toward $85,000 and beyond.

Meanwhile, Remittix, a project aiming to turn crypto ownership into a service for international payments, is making progress toward its rollout. The first 1,000 users are testing its crypto-to-bank PayFi, and the token, RTX, is scheduled to debut on November 24. The final presale tier is set at $0.46, with the current price at $0.23. This development timeline is driven by Remittix's own rollout, drawing attention to its potential to make crypto ownership more accessible and user-friendly.

Remittix's PayFi aims to connect crypto-to-bank payments, making it easier for users to transfer money across 30 target fiat currencies. The project has already raised over $32 million from over 40,000 participants, with a hard cap of $36 million. The success of Remittix's rollout will depend on its ability to win repeat payment customers and generate substantial transaction activity.