Big banks are moving deeper into crypto again. The latest crypto news shows JP Morgan lifting its long-term Bitcoin outlook and quietly buying shares in an Ethereum treasury company called BitMine. At the same time, a younger payment token rival, Remittix (RTX), has just raised $28 million in its ICO. For many investors, this mix of large bank activity, strong Bitcoin targets and fast-growing projects such as the Remittix DeFi project helps shape what they see as the best crypto to buy now for the next cycle.
In this round of crypto news, Bitcoin trades around $101,939, up about 2% after a recent dip below $100,000. That move scared some traders, but the rebound showed that the new psychological floor near six figures is still holding. Inside this backdrop, JP Morgan analysts now expect BTC to climb sharply and possibly reach $170,000 within the next 6 to 12 months.
At the same time, JP Morgan has been buying more of BlackRock’s Bitcoin ETF and now holds about 5.28 million shares, a 64% jump from last quarter. Some firms still stay more careful. Yet, this does not cancel the crypto news headline. It only shows that there are both cautious and bold views inside the same larger uptrend.
ETH trades near $3,403, up over 5% in one day, as it sits in a consolidation phase around $3,300. History shows that these quiet zones can turn into launch pads once selling pressure finishes. ETF flows support this view. On November 6, Ethereum funds recorded about $12.5 million in net inflows, led by an $8 million push from BlackRock. Analysts such as Ali Martinez still see a path for ETH to break above $5,000 and maybe aim for $10,000 later, although they warn it may need one more shakeout to clear weak hands.
The latest crypto news also shows that there was a regulatory filing that shows JP Morgan has taken a major stake in BitMine Immersion Technologies, an Ethereum-oriented treasury. The bank now owns 1,974,144 shares, valued at $102 million. This kind of move adds more optimism to long-term Ethereum narratives.
While all eyes are on JP Morgan and Bitcoin in the headlines, another piece of crypto news is quietly gaining attention. Remittix has now raised over $28.1 million by selling more than 684 million RTX tokens at $0.1166 each. Behind the scenes, a crypto-to-fiat web app is close to launch and will plug directly into the already live wallet, giving Remittix its full PayFi rails.
Remittix also passed a security audit by CertiK, ranking at the top of its pre-launch leaderboard. On the reward side, Remittix offers a 15% USDT referral bonus, paid every 24 hours through a simple dashboard. There is also a limited 50% token bonus for a short time before the project crosses the $30 million raised mark.
Here’s why Remittix has a place in the recent crypto news:
When a giant like JP Morgan predicts Bitcoin at $170,000 and buys into an Ethereum company such as BitMine, it signals that the largest banks now treat digital assets as a serious part of the future financial system. At the same time, investors who want more growth than blue chips alone are also moving to the Remittix DeFi project, which presents the upside of the next 100x crypto.
Discover the future of PayFi with Remittix by checking out their project here:
