Bitcoin (BTC) is currently trading around ¥10,064,447, showing a slight decline of 0.39% over the past 24 hours. After recent attempts to push above the ¥10.1 million mark, BTC appears to be consolidating near this psychological level, which acts as a key support for now. On the upside, resistance remains near ¥10.2 million, where sellers have consistently stepped in. This narrow range indicates market indecision, with investors waiting for clearer direction before committing to larger moves.
Ethereum (ETH) and major altcoins have shown more positive momentum compared to Bitcoin. ETH has gained 0.81%, trading at ¥268,250, benefiting from renewed interest in decentralized applications and smart contract platforms. Binance Coin (BNB) leads among the bigger altcoins with a 1.26% increase to ¥96,398, reflecting ongoing strength in the Binance ecosystem. Ripple’s XRP stands out with a notable 2.69% rise to ¥187, suggesting growing investor confidence possibly linked to recent developments in its legal situation. Stablecoins like USDT and USDC remain steady around ¥160, indicating that many investors are holding their positions in these less volatile assets during this period of uncertainty.
The overall market sentiment remains cautious but slightly optimistic, as seen in the mixed price action. On-chain data, which refers to information recorded directly on the blockchain such as transaction volumes and wallet activity, shows stable user engagement without unusual spikes in selling or buying pressure. This suggests that the current consolidation is a result of traders waiting for clearer signals from traditional markets or upcoming economic data. The absence of large sell-offs indicates confidence among holders, while buyers appear to be accumulating gradually, especially in altcoins showing positive momentum.
Looking ahead to the US evening session, investors should watch key levels closely. For Bitcoin, a sustained move above ¥10.2 million could open the door to further gains towards ¥10.4 million, while a drop below ¥9.95 million might signal a deeper correction. Ethereum’s support sits near ¥265,000, with resistance around ¥270,000. XRP’s next target is ¥190, and breaking this could lead to more upward momentum. Stablecoins are expected to remain stable, serving as safe havens during potential volatility. Overall, the market awaits fresh catalysts, and monitoring these levels will be essential for making informed decisions throughout the US trading hours.