• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

2025-05-21

What Is Blockchain? Blockchain Technology Explained for Beginners

2025-05-21

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Crypto

    2025-05-15

    10 Years of Steadfast Support and Compliance

    2025-05-15

    What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

    2025-05-12
  • Videos

    Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

    2025-05-21

    OCTA: 🚀 The Craziest 🔥 BULLISH 📈 Signals EVER 🤯

    2025-05-20

    ALL IN! 10X Bitcoin leverage RIGHT NOW!!

    2025-05-19

    Bitcoin: Buy Now, 10X Leverage!!!!!

    2025-05-19

    Bitcoin’s Highest Weekly Close Signals Bigger Moves Ahead

    2025-05-19
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Bitcoin»Japan’s institutional Bitcoin leap sparks market optimism
Bitcoin

Japan’s institutional Bitcoin leap sparks market optimism

2023-09-21No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: September 21, 2023

  • BTC jumped to over $27,000 and has remained there.
  • The Bitcoin Adoption Fund launched in Japan sparked this price move.

Bitcoin [BTC] has recently surged to a price of $27,000 following a significant announcement from Japan. In light of this recent news from Japan, what is the overall sentiment in the market?


Read Bitcoin (BTC) Price Prediction 2023-24


Japan gets institutional exposure to Bitcoin

On 19 September, a noteworthy announcement was made by the digital assets subsidiary of the Japanese financial services giant Nomura, known as Laser Digital.

According to the company, they are launching a new fund aimed at offering institutional investors exposure to Bitcoin.

This fund, known as the Bitcoin Adoption Fund, will provide long-term investment opportunities and represents the initial offering in a series of digital asset investment products planned by Laser Digital. 

Additionally, the fund will utilize Komainu, a custody solution jointly operated by Nomura, Ledger, and CoinShares, to safeguard client assets.

How Bitcoin reacted to the development

As per a Santiment report, Bitcoin responded positively to the announcement. The Santiment trend table indicated that BTC quickly surged to the top of the charts when the news was released. Moreover, the Santiment chart illustrated that this development propelled the price of BTC above the $27,000 mark.

🏦 #Bitcoin received a boost to $27.2K after Japan’s largest investment bank, #Nomura, launched an Adoption Fund for institutional investors. This is the latest in #crypto‘s efforts to increase exposure for interested parties beyond traditional traders. https://t.co/ylDEDG9ehY pic.twitter.com/qDau3TzlEB

— Santiment (@santimentfeed) September 20, 2023

The current trend of BTC

Despite a daily timeframe chart showing Bitcoin trading at a loss, it remained above the crucial $27,000 price range. By the close of trading on 19 September, it had gained over 1.6% and was trading at a value exceeding $27,200.

See also  Vanguard REVEALED To Have MASSVE Bitcoin Exposure! How Did EVERYONE Miss This?

As of this writing, it was priced at around $27,098, experiencing a slight loss of less than 1% in value.

Bitcoin daily timeframe price trend

Source: TradingView

Furthermore, any attempt to surpass its short and long Moving Averages (yellow and blue lines), which have acted as resistance levels, has been hindered by the price decline. Nevertheless, Bitcoin still maintained a position above its neutral line, signalling a bullish trend.

Additionally, a glance at Coinglass revealed that BTC continued to exhibit a positive funding rate. This indicated that a majority of traders held expectations for a further increase in the price of BTC and were actively taking long positions.

This optimistic sentiment prevailing in the current market is a noteworthy indicator of positive market sentiment.


How much are 1,10,100 BTCs worth today


Bitcoin could see more positive reactions

Bitcoin’s response to the recent developments in Japan serves as a clear indication of the excitement among traders regarding institutional participation.

This suggests that we may witness more positive reactions if and when the numerous ETF (Exchange-Traded Fund) applications submitted in the United States are approved by the Securities and Exchange Commission.

Bitcoin Institutional Japans leap market Optimism Sparks
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ALL IN! 10X Bitcoin leverage RIGHT NOW!!

2025-05-19

Bitcoin: Buy Now, 10X Leverage!!!!!

2025-05-19

Bitcoin ATH Countdown: Record Price Breakout Imminent

2025-05-18

They Want To Make Sure NO Bitcoin Is Left For You

2025-05-17
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

They Can’t Stop You From Learning The Truth

2024-06-29

In the age of information, there’s nothing harder to crack down upon than education. People…

Blockchain

Bitget Backs Morph, a Consumer-Centric L2 Rollup Solution

2023-12-11

Bitget, a major player in Web3 and cryptocurrency trading, has made a multimillion-dollar investment in…

Videos

BITCOIN is the ‘Stupidest Investment I Ever Saw’

2023-10-07

Today let’s Bitcoin, Crypto and the US Market. Is Charlie Munger right about calling Bitcoin…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

2025-05-21

What Is Blockchain? Blockchain Technology Explained for Beginners

2025-05-21

OCTA: 🚀 The Craziest 🔥 BULLISH 📈 Signals EVER 🤯

2025-05-20
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 110,852.70
ethereum
Ethereum (ETH) $ 2,701.58
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.46
bnb
BNB (BNB) $ 687.37
solana
Solana (SOL) $ 182.81
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.248114
cardano
Cardano (ADA) $ 0.82654
tron
TRON (TRX) $ 0.273602
bitcoin
Bitcoin (BTC) $ 110,852.70
ethereum
Ethereum (ETH) $ 2,701.58
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.46
bnb
BNB (BNB) $ 687.37
solana
Solana (SOL) $ 182.81
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.248114
cardano
Cardano (ADA) $ 0.82654
tron
TRON (TRX) $ 0.273602