During the US trading session, Bitcoin rebounded to $105,505, gaining 2.49% over the past 24 hours, as global crypto sentiment shifted to a bullish tone.
Key driver? Japan’s Financial Services Agency has proposed to reclassify digital assets under the Financial Instruments and Exchange Act. This move could slash crypto taxes from 55% to 20% and open the door for spot ETFs, a seismic shift for Asia’s second-largest economy.
With over 12 million active users and ¥5 trillion (US$34 billion) in assets, Japan’s pro-crypto push echoes a broader effort under its “New Capitalism” policy to attract investment. Retail ownership of crypto now exceeds holdings in foreign exchange and corporate bonds.
Bitcoin jumped 1.8% following the FSA announcement Traders expect ETF access and lower taxes to draw institutional inflows Japan joins the U.S. and Hong Kong in regulatory progressThis tax and ETF pivot may serve as a regional blueprint for balancing oversight with innovation.
USDB Stablecoin Launch Boosts Bitcoin Network Utility
Bitcoin’s DeFi potential received a major upgrade with the announcement of USDB, a fully dollar-backed stablecoin built natively on Bitcoin’s Layer 2, Spark protocol. Unlike synthetic or bridged tokens, USDB is issued by a licensed U.S. financial institution and backed 1:1 by Treasury bills.
USDB will integrate with Magic Eden, Bitcoin’s largest NFT/DeFi hub, enabling:
Native BTC-to-stablecoin trading pairs On-chain liquidity pools on Spark Dollar-based treasury and savings toolsThe launch, scheduled for late summer, marks a pivotal step in Bitcoin’s evolution from digital gold to a programmable financial layer. Bitcoin gained another 2.1% on the news as investors priced in higher network utility and DeFi scalability.
Trump’s Executive Order Proposal Lifts Crypto Morale
As regulatory pressure mounts, reports surfaced that former President Donald Trump is drafting an executive order to prevent banks from denying services to crypto firms. This would directly challenge what critics call “Operation Chokepoint 2.0” under the Biden administration, which allegedly restricted over 30 digital asset companies from U.S. banking services.
Bitcoin rose 1.3% following the policy leak Trump vows to safeguard politically sensitive sectors like crypto Market anticipates more inclusive financial rules if Trump returnsWhile legal experts caution that regulatory uncertainty may linger until 2026, the crypto market welcomed the stance as a step toward banking access and legal clarity.
Bitcoin Price Technical Outlook: Eyes on $106.5K Breakout
On the technical front, the Bitcoin price prediction remains bullish; however, BTC must surpass the major hurdle around $106,539. BTC is pressing against a descending trendline resistance at $106,539, a level that has rejected advances since early June.
Bitcoin Price Chart – Source: Tradingview BTC is above its 50-EMA ($104,017) MACD shows a bullish crossover with a rising histogram Price structure features higher lows and no bearish candlesTrade Setup:
Breakout Entry: 4H close above $106,539 → targets $109,041 and $110,522 Pullback Entry: Retest of $104,723 with bullish reversal patterns Stop-Loss: Below 50-EMA at $104,000With bullish catalysts stacking and momentum firming, Bitcoin appears poised to test and potentially break through key resistance—a move that could reignite the path toward $109K and beyond.
Bitcoin Hyper Presale Surges Past $1.5M—Layer 2 Just Got a Meme-Sized Boost
Bitcoin Hyper ($HYPER) has smashed through the $1.5 million milestone in its public presale, raising $1,566,427 out of a $1,763,403 target. With just hours left before the next price tier, buyers can still secure HYPER at $0.012 per token.
As the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), Bitcoin Hyper delivers fast, low-cost smart contracts to the BTC network. It combines Bitcoin’s security with SVM’s scalability, enabling high-speed dApps, meme coins, and payments—all with ultra-low gas fees and seamless BTC bridging.
Audited by Consult, Bitcoin Hyper is built for trust, scale, and performance. Over 91 million $HYPER are already staked, with projected post-launch staking rewards of up to 577% APY. The token fuels gas fees, dApp access, and decentralized governance.
The presale accepts both crypto and cards, and through Web3Payments, no wallet is required. Meme culture meets utility, Bitcoin Hyper is quickly emerging as Layer 2’s potential breakout star of 2025.
The post Bitcoin Price Soars 2.49% on Thrilling News from Japan, Trump, and USDB—$109K Breakout on the Horizon appeared first on Cryptonews.
