The crypto market today has posted a minor recovery, with the market cap inching up by 2.08% to reach the landmark of $3.22 trillion. Despite this change, the volume of trades took a hit of 2.21%, settling at $96.3 billion. Amidst the prevailing uncertainties, the Fear & Greed Index now stands at 37, cautioning marketers of any impulsive moves.
Japan’s FSA Plans Key Crypto Reforms
In an important development, Japan’s Financial Services Agency (FSA) is planning a major shift in its approach to cryptocurrency regulations. This includes potential tax cuts and the approval of Bitcoin Spot ETFs. The move could position Japan as one of the leading crypto-friendly jurisdictions and further drive institutional interest in digital assets.
Bitcoin Price Holds Firm, But Key Support Remains Critical
Bitcoin price has seen a 1.22% surge on its daily chart, taking its tag to $98,095.43. The market capitalization of BTC now stands at $1.94 trillion, while its intraday trading volume has risen 10.64% to $36.17 billion. However, market proponents warn that if BTC fails to hold its $93k support level, liquidation of nearly $1.3 billion in leveraged long positions could trigger a broader market decline.
Curious about BTC’s crucial levels and potential price targets? Read our Bitcoin (BTC) Price Prediction 2025, 2026-2030 NOW!
Altcoin Watch: ETH, SOL, and XRP Go Green?
Ethereum has outperformed Bitcoin today, rallying 2.53% to $2,695.88. Solana and XRP have also posted gains, rising 1.35% and 3.48%, respectively. The positive momentum in altcoins signals renewed investor confidence, despite ongoing market uncertainty.
Interested in stacking some ETH before the altseason, but worried about the returns? Check out our Ethereum (ETH) Price Prediction 2025, 2026-2030!
Top Gainers
- FARTCOIN: +35.47% to $0.7003
- HNT: +20.51% to $4.15
- RAY: +18.07% to $5.52
Top Losers
- XCN: -5.50% to $0.0236
- XMR: -1.80% to $219.32
- OM: -1.45% to $6.02
FAQs
Bitcoin has gained 1.22% in the last 24 hours, currently priced at $98,095.43.
FARTCOIN, HNT, and RAY have posted the highest gains today.
Japan’s FSA is considering tax cuts and approving Bitcoin Spot ETFs in a move to encourage institutional crypto adoption.
