Bitcoin Plunges Below Critical $112,500 Support as PayFi Altcoins Dominate CoinMarketCap Trending Charts

Digital gold stumbles while decentralized finance newcomers steal the spotlight.

Market Shakeup

Bitcoin's bullish narrative hit a wall as it sliced through the $112,500 support level that traders had been watching like hawks. The breakdown signals potential turbulence ahead for the flagship cryptocurrency.

Altcoin Season Accelerates

Meanwhile, PayFi-related altcoins are sucking all the oxygen out of the room, claiming top spots on CoinMarketCap's trending lists. These decentralized payment protocols are riding a wave of investor enthusiasm that's leaving traditional crypto giants in the dust.

Shift in Sentiment

The sudden rotation from blue-chip crypto to emerging PayFi projects highlights how quickly capital moves in this space. Traders are chasing the next big thing—because apparently, a 500% annual return just doesn't cut it anymore in a world where hedge funds promise alpha while underperforming inflation.

Volatility becomes the norm as established supports crack and new trends emerge overnight.

Bitcoin’s Technical Weakness

Bitcoin has been unable to hold the $112,500 support level, a development that has unsettled bullish traders. bitcoin is trading close to $118,838, down about 0.5% in the past 24 hours, though it still holds an impressive 74% gain compared with last year.

Debate as to where it goes next is still divided. A number of analysts have noted that the breakout above the peak could set up a MOVE back towards $125,000 while others warn that a further decline could trigger a sharper move lower.

September, which is generally one of the softer months for Bitcoin, ended last week with an 8% gain, the highest September performance the asset has ever seen.

Current sentiment suggests the market is neither strongly bullish nor bearish. Confidence levels are around 62%, while the Fear and Greed Index stands at 49, pointing more to uncertainty than outright fear.

Analysts note that Bitcoin’s price is still closely tied to traditional risk assets and remains highly sensitive to decisions coming out of the Federal Reserve.

Remittix: A Leader in PayFi Innovation

Remittix has become one of the most talked-about projects in the sector, raising more than $26.3 million during presale, all while delivering a working product. The platform lets people send crypto straight into bank accounts across more than 30 countries, and it does so at a fraction of the cost of most traditional remittance services.

Behind the scenes, it can process over 40 different digital currencies alongside 30 fiat options, which gives it the backbone of a payment network designed to work on a truly global scale

Early testing of the Remittix wallet has delivered promising outcomes, showcasing tools such as live currency conversion, low-cost transfers, and the ability to deposit funds straight into bank accounts.This has attracted users looking for practical tools rather than theoretical promises.

Why Investors Are Backing Remittix

• Global access to bank deposits in 30+ countries
• Full security audit and top ranking by CertiK
• Real-world functionality designed for everyday finance
• Exchange listings confirmed with more in progress
• Active community testing wallet features before launch

Remittix also stands out for its $250,000 giveaway campaign and an innovative referral system. The program offers a 15% reward in USDT for every new participant referred, with payouts available daily. This structure has already generated strong engagement, with some users reporting sizable weekly earnings.

With the token currently priced around $0.1130, Remittix offers investors an accessible entry point. Its steady progress in listings, community building, and product development positions it as one of the most promising crypto payment projects of 2025.