The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
While Bitcoin struggles to extend its recovery near the $96,000 zone, new information reveals that Japan's Financial Services Agency (FSA) has completed plans to reclassify several cryptocurrencies as financial products under the revised Financial Instruments and Exchange Act.
According to the report, the reclassification will introduce new disclosure requirements for 105 cryptocurrencies, including Bitcoin and Ethereum. Exchanges listing these crypto assets will be obligated to disclose key characteristics such as the presence of a token issuer, the underlying blockchain technology, and price volatility. The FSA also intends to implement preventive measures against insider trading, potentially prohibiting token issuers or exchange executives from trading crypto assets based on non-public information, including listing schedules.
This move represents a significant escalation in regulatory oversight of Japan's cryptocurrency market. Enhanced disclosure of asset characteristics is likely to strengthen investor confidence by providing a clearer picture of the risks and opportunities associated with specific crypto assets. The crackdown on insider trading, meanwhile, aims to foster a fairer and more transparent trading environment that reduces opportunities for abuse.
The impact of these measures will be multifaceted. On the one hand, increased transparency and reduced manipulation risks may attract institutional investors previously wary of the crypto market's limited regulatory safeguards. On the other hand, stricter rules may hinder the development of innovative blockchain projects and push capital toward more loosely regulated jurisdictions.
There is also positive news regarding tax policy: Japan is considering lowering taxes on cryptocurrencies. As these 105 crypto assets begin to be treated more like traditional financial products, authorities aim to cut the tax rate on crypto income. The current rate stands at 55%, but the plan is to reduce it to 20%.
These changes are expected to be submitted as amendments to Japan's financial legislation during the next parliamentary session in 2026.
Market outlook and trading comments
Bitcoin technical picture
Buyers are currently aiming for a return to $95,900, which would open a direct path toward $99,400, and from there it's a short step to $102,500. The most distant upside target is the $105,400 area; breaking above it would signal attempts to restore a bullish market structure.
In the event of a decline, buyer interest is expected around $92,900. A drop back below this area could quickly send BTC into the $89,200 zone, with the $86,500 region serving as the deepest downside target.
Ethereum technical picture
A confirmed hold above $3,256 opens a direct path toward $3,390. The most distant upside target is the $3,529 zone; a breakout above it would strengthen the bullish trend and signal growing buyer interest.
If Ethereum declines, buyers are expected around $3,088. A drop below this area could quickly push ETH toward $2,920, with $2,756 as the deepest target.
Chart indicators
Crossovers or tests of the moving averages usually halt or set the market's momentum.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
