Bitcoin (BTC) is currently trading around ¥10,476,064, showing a moderate gain of 1.41% over the past 24 hours. After a period of sideways movement, BTC has managed to hold above the key psychological support level near ¥10.4 million. This area has acted as a floor, preventing further declines in recent sessions. On the upside, the cryptocurrency faces resistance near ¥10.6 million, where sellers have previously stepped in to cap gains. Maintaining above this support is crucial for Bitcoin to build momentum towards the next resistance zone and potentially attract more buyer interest.
Ethereum (ETH) and other major altcoins have also posted positive moves. ETH increased by 1.99% to ¥274,844, continuing its steady climb as investor confidence remains intact. Binance Coin (BNB) gained 0.96%, trading near ¥98,568, showing modest strength. The standout performer among the top altcoins today is XRP, which rose 2.67% to ¥189, outperforming many of its peers. Stablecoins USDT and USDC remain largely unchanged around ¥160, reflecting their role as a stable store of value rather than speculative assets. Together, these price changes indicate a mixed but generally positive outlook across the broader crypto market.
Market sentiment appears cautiously optimistic, supported by steady on-chain activity. On-chain data refers to the information recorded directly on the blockchain, such as transaction volumes and wallet activity. Recent trends show consistent buying interest and stable transaction levels, which suggest that investors are holding rather than selling off their positions. This stability helps underpin prices and reduces the risk of sudden sharp declines. However, investors remain watchful for external factors such as regulatory news or macroeconomic developments that could quickly shift sentiment.
During the Asia trading session, Bitcoin and altcoins saw gradual price increases, reflecting healthy demand from regional investors. This momentum carried into the European market open, where early trading also favored modest gains. The Asia session often sets the tone for the day given the significant crypto interest in countries like Japan and South Korea. As Europe joins the market, additional liquidity and trading volume help confirm whether these gains will hold or face resistance. For now, the combined activity suggests a balanced market with cautious but steady buying interest across major cryptocurrencies.