According to Walter Bloomberg, Deutsche Bank analyst Marion Laboure stated that cryptocurrency volatility may remain high in the absence of clear details regarding Trump's Bitcoin reserve plan. The schedule, funding, and allocation of this plan are all subject to uncertainty. The market maintains a cautious attitude, expecting profits if the plan progresses smoothly, and may suffer losses if it encounters setbacks.
The US stock market opened lower, with the Dow Jones Industrial Average falling 504 points, the Nasdaq falling 354 points, and the S&P 500 index falling 1.48%.
According to Foresight News, as reported by Bitcoin Archive, Japan has lowered the Bitcoin income tax from 55% to 20% as part of a broader cryptocurrency reform.
