Bitcoin (BTC) is holding steady above the ¥10.5 million mark, currently trading at ¥10,510,260 with a 1.82% increase over the past 24 hours. This level is significant as it suggests that buyers are maintaining control after recent upward momentum. Key support for Bitcoin remains near ¥10.3 million, which has acted as a floor in recent sessions, preventing further declines. On the upside, resistance is visible around ¥10.7 million, where selling pressure could increase. Investors should watch these levels closely, as a break above resistance could trigger further gains, while a drop below support might lead to a short-term pullback.
Ethereum (ETH) and other major altcoins have also shown positive performance today. Ethereum rose by 2.62%, currently priced at ¥275,358, continuing its steady climb supported by strong network activity and upcoming upgrades that investors are optimistic about. Binance Coin (BNB) saw a more modest gain of 0.82%, reaching ¥98,616. Notably, XRP outperformed many peers with a 3.04% increase to ¥189, reflecting renewed interest possibly linked to ongoing developments in its legal proceedings and partnerships. Stablecoins like USDT and USDC remained almost flat, as expected, since their value is tied closely to the Japanese yen at around ¥160.
Market sentiment appears cautiously optimistic, driven by steady price action and positive news flow around Ethereum and XRP. On-chain data, which tracks blockchain activity, shows consistent transaction volumes and wallet activity, indicating healthy engagement from both retail and institutional participants. This stable environment suggests that investors are not rushing to sell or buy aggressively but are instead assessing the market carefully. Such conditions often precede more decisive moves, so staying informed about shifts in blockchain metrics and news is important for anticipating future trends.
Looking ahead to the US evening trading session, the focus will be on whether Bitcoin can break through the ¥10.7 million resistance level, which would signal stronger bullish momentum. For Ethereum, maintaining support above ¥270,000 will be key to continuing its upward trend. Investors should also watch XRP closely as it approaches the ¥190 mark, which has acted as resistance in the past. Overall, the market is showing resilience with moderate gains, but traders should stay vigilant for any changes in volume or sudden news that could impact prices. Keeping an eye on these key levels will help investors make informed decisions in the coming hours.