Bitcoin Price Hits $98K: Japan’s FSA Makes a Big Move?

The cryptocurrency market today has seen a small recovery, with the market capitalization increasing by 2.08% to reach $3.22 trillion. However, the Trading Volume has decreased by 2.21% to $96.3 billion. Amidst the current instability, the Fear & Greed Index now stands at 37, warning marketers about reckless actions. **Japan's Financial Services Agency (FSA) Planned Major Cryptocurrency Regulation Adjustments** In a significant move, Japan's Financial Services Agency (FSA) is planning major changes in its approach to regulating cryptocurrencies, including tax cuts and the approval of a Bitcoin Spot ETF. This action could make Japan one of the leading crypto-friendly regions and further drive institutional interest in digital assets. **Bitcoin Price Holds Firm, but Key Support Remains Crucial** The Bit price has increased by 1.22% on the daily chart, reaching $98,095.43. The market capitalization of BTC is currently at $1.94 trillion, while the Trading Volume for the day has increased by 10.64% to $36.17 billion. However, market experts warn that if BTC fails to hold the $93K support level, the liquidation of nearly $1.3 billion in margin positions could lead to a more widespread market decline. Curious about the critical levels and price targets for BTC? Read the Bitcoin (BTC) Price Prediction 2025, 2026-2030 now! **Altcoin Watch: ETH, SOL, and XRP Prices Increase?** Ethereum has outperformed Bit today, rising by 2.53% to $2,695.88. Solana and XRP have also seen increases of 1.35% and 3.48%, respectively. The positive momentum in altcoins suggests that investor confidence is being restored, despite the ongoing instability in the market. Interested in accumulating ETH before the altseason, but concerned about the returns? Check out the Ethereum (ETH) Price Prediction 2025, 2026-2030 now! **Top Gainers** - FARTCOIN: +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 - OM: -1.45% to $6.02 **Frequently Asked Questions** **How is Bit performing today?** Bit has increased by 1.22% in the past 24 hours, currently priced at $98,095.43. **Which Tokens have the highest gains today?** FARTCOIN, HNT, and RAY have seen the highest gains today. **What is the latest news on cryptocurrency regulation in Japan?** Japan's FSA is considering tax cuts and the approval of a Bit Spot ETF to encourage institutional adoption of cryptocurrencies.