Bitcoin price steadies near ¥10.3 million amid mixed technical signals

Japan’s Bitcoin market hovered around ¥10.34 million (approximately $107,000) on July 12, with the price staying above the 14‑day exponential moving average, suggesting short‑term bullish momentum. However, several indicators pointed to overbought conditions: the CCI was at 90, the Fisher Transform remained positive, and the ADX fell below 20, indicating a weak trend. Meanwhile, the MACD stayed in negative territory, hinting at longer‑term downside pressure, and the longer‑term 53‑EMA signaled a bearish outlook.

In broader crypto news, Circle secured the first U.S. national trust charter for a stablecoin issuer, enabling its USDC to offer regulated digital‑asset custody services. The Ethereum Foundation disclosed that AI agents it deployed discovered a vulnerability in the libp2p gossipsub component of the network, which has since been patched. U.S. political attention also turned to cryptocurrency as Democratic senators highlighted President Donald Trump’s reported $1.3 billion crypto earnings while he declined to sign a housing bill containing a ban on central‑bank digital currencies.