Bitcoin is currently trading above USD 95,000 but remains under selling pressure, alongside other cryptocurrencies like Ethereum and XRP. The Crypto Fear & Greed Index reflects market indecision influenced by macroeconomic factors and the Federal Reserve's hawkish stance. As investors await clearer signals, Bitcoin and other cryptos are likely to experience range-bound movements. However, Metaplanet's significant acquisition of BTC may hint at stronger institutional interest, which could bolster the market’s recovery and stabilization in the coming months.
Bitcoin remains constrained, trading above the near-term support level of USD 95,000, while other major cryptocurrencies such as Ethereum, XRP, Solana, and Dogecoin are also under pressure.
The outlook for the crypto market remains cautious.
Short-term price movements could remain range-bound as market participants await clearer indications or additional catalysts.
Metaplanet's acquisition of 269 BTC, worth JPY 4 billion, brings its total holdings to 2,031 BTC.
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