Bitcoin (BTC) is currently trading at approximately ¥10,106,124, marking a solid 2.58% increase over the past 24 hours. After a period of consolidation just below the ¥10 million mark, BTC has gained upward momentum, breaking through this psychological barrier, which now acts as an important support level. The next key resistance level to watch is around ¥10.3 million, where sellers may re-emerge and challenge further price gains. This recent move suggests renewed investor confidence in Bitcoin, as it maintains its position above critical support, hinting at potential further upside in the near term.
Ethereum (ETH) has outperformed Bitcoin today, rising 5.80% to ¥269,830. This stronger performance reflects growing enthusiasm for Ethereum’s network developments and demand for decentralized applications. Other major altcoins also showed positive momentum: Binance Coin (BNB) gained 3.98%, trading at ¥96,543, while XRP increased by 3.44% to ¥185. Stablecoins USDT and USDC remained steady near ¥160 with minimal change, indicating that traders are balancing between risk assets and stable holdings. Overall, the altcoin market is experiencing broad-based gains, driven by optimism around upcoming technological upgrades and increased user activity.
Market sentiment appears cautiously optimistic as investors respond to recent positive news and data. On-chain metrics, which analyze activity recorded on the blockchain itself, show increased transaction volumes and active addresses for both Bitcoin and Ethereum networks. These signs point to growing engagement and interest from both retail and institutional participants. However, traders remain watchful of external factors such as regulatory announcements and global economic developments that could impact the market direction. The cautious optimism is supported by steady inflows into crypto exchanges and a moderate rise in long-term holding, suggesting a balanced but positive outlook.
Focusing on the current Asia trading session, Bitcoin and major altcoins have steadily climbed, supported by strong demand from Japanese and other Asian investors. This early momentum set a positive tone ahead of the European market open, where trading volumes typically increase. As European traders enter the market, further price movements are expected, potentially amplifying the current uptrend. Watching the European session will be important to confirm whether Bitcoin can hold above the ¥10 million support and continue its rally, and whether altcoins can sustain their gains amid wider market participation.