Treasury Yield Rises to Challenge Bitcoin Price Recovery Amid Remittix's Presale Momentum
Bitcoin's price recovery into the mid-$80,000s has been challenged by the U.S. 10-year Treasury yield reaching its highest level in decades at about 5.34% on October 1.
This increase gives investors another option for placing capital and can slow a risk-asset rally, putting pressure on Bitcoin's near-term chart.
Remittix, a platform aiming to turn crypto ownership into a service for international payments, has drawn attention with its presale timeline. The project has already raised over $32 million from more than 40,000 participants and plans to reach a hard cap of $36 million.
The final presale tier is set at $0.46, down from the current price of $0.23, which is scheduled to debut on November 24. Remittix aims to connect its wallet with PayFi, RTX, Markets, and Earn, offering users a seamless experience for sending money, trading, storing, and earning.