Institutional Demand Boosts Bitcoin as Remittix Tests Groundbreaking Payment App
Citi has raised its 12-month Bitcoin forecast after the asset attracted about $2.4 billion in U.S. spot BTC funds through September 25. This institutional demand signal comes alongside Citi's revised forecasts, which cite activity, macro conditions, and the return of ETF inflows as key drivers.
The combination of these factors shows why Bitcoin remains the market's benchmark despite rising Treasury yields making the next leg less straightforward. Investors can now compare a large asset drawing fund capital with newer projects reaching product milestones.
Remittix, one such project, is testing its PayFi app, designed to connect supported crypto with fiat payouts through compatible bank accounts. The first 1,000 users are currently exploring the experience before RTX's debut on November 24.