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 Crypto Fear & Greed Index suggests market indecision, indicating that broader macroeconomic factors continue to weigh on sentiment.
Short-term price movements could remain range-bound as market participants await clearer indications or additional catalysts.
At the same time, the Fed’s hawkish stance and Powell’s opposition to a rush for monetary policy easing could continue to put pressure on risky assets.
As a result, the outlook for the crypto market remains cautious.
Meanwhile, Metaplanet’s acquisition of 269 BTC, worth JPY 4 billion, brings its total holdings to 2,031 BTC. Metaplanet plans to acquire 21,000 BTC by 2026.
Looking ahead, strong institutional participation may be a key catalyst in supporting the stabilization of Bitcoin and boosting investor confidence in the broader crypto market.
