Last Updated on 10/08/2026
- Bitcoin hovered above $65,000 on Monday, remaining slightly above its 50-day Exponential Moving Average (EMA) at $64,702.
- The Bank of Japan signaled that further interest rate hikes could be on the table, according to the summary of opinions from its July policy meeting.
- Pump.fun and CurveDAO led the crypto market gains over the past 24 hours, emerging as the strongest performers among major digital assets.
Crypto Market Overview: Bitcoin Holds Firm as BoJ Signals Potential Tightening
The broader cryptocurrency market remained stable on Monday, with Bitcoin (BTC) trading around $65,000 and holding above its 50-day Exponential Moving Average (EMA) at $64,702. Despite growing expectations of tighter monetary policy in Japan after the Bank of Japan’s latest policy discussion summary, market sentiment across digital assets stayed constructive. Among the strongest performers over the past 24 hours were Pump.fun (PUMP) and Curve DAO (CRV), both extending recent gains.
Bank of Japan Hints at Additional Rate Hikes
The Bank of Japan released the summary of opinions from its July policy meeting, revealing a more hawkish tone among policymakers. Four of the nine board members supported further rate increases, while three adopted a neutral stance and two remained dovish. The discussion comes as the Japanese Yen continues to trade near multi-decade lows against the US Dollar, increasing pressure on policymakers to normalize monetary policy more aggressively.
Bitcoin Technical Outlook
Bitcoin traded near $65,200 on Monday, maintaining support above its 50-day EMA at $64,702. However, the leading cryptocurrency remains below the 100-day EMA at $66,905 and the 200-day EMA at $72,686, suggesting that the broader trend has yet to fully turn bullish.
Technical indicators show improving momentum. The MACD has generated a bullish crossover above its signal line, while the Relative Strength Index (RSI) sits around 55, indicating moderate buying strength.
If buyers remain in control, the next key resistance levels are the 100-day EMA at $66,905 and the 200-day EMA near $72,686. A sustained breakout above these barriers could strengthen the bullish outlook. On the downside, the 50-day EMA at $64,702 remains the first important support level, with a daily close below it potentially triggering a deeper pullback.
PUMP Extends Breakout Rally
Pump.fun (PUMP) continued its upward trajectory on Monday after gaining roughly 11% on Sunday. The token remains in a bullish structure after breaking out of a falling wedge formation and is currently trading close to a six-month high.
Momentum indicators continue to favor the bulls. The RSI has climbed to 72, entering overbought territory, while the MACD remains firmly positive with expanding bullish histogram bars.
Should the rally continue, the next upside target is the December 2025 peak at $0.003399. Key support lies near $0.00251, corresponding to the reclaimed high from May 9.
CRV Targets Higher Levels
Curve DAO (CRV) advanced for a third consecutive session, approaching the $0.24 mark. The token remains above both its 50-day EMA at $0.2135 and 100-day EMA at $0.2214, supporting the near-term bullish outlook. Nevertheless, the 200-day EMA at $0.2683 continues to act as a major resistance level and keeps the longer-term trend cautious.
CRV is also trading above the 50% Fibonacci retracement level at $0.2232, calculated from the decline between $0.2931 and $0.1700. Immediate resistance is located near the 78.6% Fibonacci retracement at $0.2608, which aligns closely with the 200-day EMA. A breakout above this zone could open the door for a move toward $0.2931.
On the downside, the $0.2232 retracement level is reinforced by the 100-day EMA at $0.2214 and the 50-day EMA at $0.2135, creating a strong support area for the token.
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