Crypto News Today (11th Feb 2025): Bitcoin Price Holds $98k
The crypto market has a smaller yield today, with the market cap rising by 2.08% to a milestone of $3.22 trillion. Despite this change, trading volumes reached 2.21%, reaching $96.3 billion. In general uncertainty, the fear and greed index is now 37, warning marketers of any impulsive moves.
Japan’s FSA plan key crypto reform
In a significant development, the Japan Financial Services Agency (FSA) plans to undergo a major shift in its approach to cryptocurrency regulations. This includes potential tax cuts and approval of Bitcoin on-site ETFs. The move could position Japan as one of the crypto-friendly jurisdictions and further boost institutional interest in digital assets.
Bitcoin price is firm, but key support remains vital
The daily chart of Bitcoin price rose 1.22% to its label at $98,095.43. BTC’s market cap is now $1.94 trillion, while its intraday trading volume grew by 10.64% to $36.17 billion. But market supporters warn that liquidating nearly $1.3 billion in long-term positions could trigger a larger market decline if BTC fails to hold its $93,000 support level.
Curious about the key levels of BTC and potential price targets? Read ours Bitcoin (BTC) Price Forecast 2025, 2026-2030 NowWoolen cloth
AltCoin Watch: ETH, SOL and XRP GO GREEN?
Ethereum outperformed Bitcoin today, gathering 2.53% to $2,695.88. Solana and XRP also released earnings, up 1.35% and 3.48% respectively. Despite the continued uncertainty in the market, Altcoins’ positive momentum marks a boost in investor confidence.
Interested in stacking some ETH before the playoffs, but worried about the rewards? Check out our Ethereum (ETH) price forecast 2025, 2026-2030!
Highest bonus
- butt: +35.47% to $0.7003
- hnt: +20.51% to $4.15
- ray: +18.07% to $5.52
Top losers
- XCN:-5.50% to $0.0236
- xmr:-1.80% to $219.32
- regardless:-1.45% to $6.02
FAQ
Bitcoin has risen 1.22% over the past 24 hours and is currently at $98,095.43.
Fartcoin, HNT and Ray released their highest earnings today.
Japan’s FSA is considering tax cuts and approval of Bitcoin field ETFs to encourage the adoption of institutional cryptocurrencies.
