TOKYO / LONDON (IT BOLTWISE) – Bitcoin has once again surpassed $110,000, driven by possible interest rate cuts and an improving macroeconomic situation. Analysts are eagerly watching the next resistance levels as Japan considers allowing banks to trade cryptocurrencies. At the same time, Solana co-founder Anatoly Yakovenko is developing a new decentralized trading platform.
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Bitcoin has surpassed $110,000 thanks to a combination of institutional inflows and improving macroeconomic conditions. Analysts see the next resistance level at $111,000, which could lead to a short squeeze if broken. The development follows a period of uncertainty sparked by US President Donald Trump’s announcement of China tariffs and concerns about US regional banks’ involvement in risky loans.
In Japan, the financial regulator FSA is considering allowing banks to buy and sell cryptocurrencies. This reform could significantly facilitate retail investors’ access to digital assets. Currently, regulatory guidelines prohibit Japanese banks from holding digital assets, partly due to price volatility. At the same time, the FSA plans to ban trading in cryptocurrencies based on non-public information, with violations subject to financial penalties.
Ethereum investors have seized the opportunity to enter the market following a decline of around 6.3%. Despite a decline in US funds, Ethereum-based funds recorded $205 million in inflows globally. This shows investors’ confidence in Ethereum’s long-term prospects, even if the market remains volatile in the short term.
One notable project is the creation of Evernorth Holdings Inc., which will merge with a SPAC to create the largest public XRP treasury. Backed by prominent players such as SBI, Ripple and Pantera Capital, the company aims to provide investors with an alternative way to invest in the fifth largest cryptocurrency. This initiative could further promote the adoption and utility of XRP.
Solana co-founder Anatoly Yakovenko is working on developing a decentralized trading platform called Percolator. This platform will use innovative technologies such as “sharded matching engines” to make trading more efficient. Although the project is ready for implementation, some aspects are still under development and an official start date is yet to be announced.
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