Crypto Market Navigates Volatility: Bitcoin Seeks Bottom, Altcoins Eye Resilience, and Japan Signals Tax Reform
Crypto Market Navigates Volatility: Bitcoin Seeks Bottom, Altcoins Eye Resilience, and Japan Signals Tax Reform
The cryptocurrency market is experiencing significant volatility, with Bitcoin and Ethereum both seeing price declines. However, analysts are noting classic signs of a potential Bitcoin market bottom, even as critical support levels are tested. Amidst this downturn, several altcoins like OKB, Filecoin, and Zcash are being highlighted for their potential resilience and unique strengths in a bear market.
Meanwhile, XRP is facing downward price pressure despite a successful ETF launch, attributed to whale selling and broader market forces, though sentiment indicators hint at a potential bottom. In a significant development, Japan is reportedly planning to reclassify cryptocurrencies as financial products and drastically cut the tax rate on crypto gains from 55% to 20% by 2026, a move expected to be highly favorable for the industry.
Bitcoin slipping under $92,000 and Ethereum losing $3,000 has pushed traders toward assets that can handle deeper volatility. This piece looks at three bear market coins that show different strengths: OKB’s hedge-like resilience, Filecoin’s inverse correlation, and Zcash’s strong momentum. Each offers a distinct way to survive if the downtrend becomes a full market cycle.
Bitcoin’s slide to seven-month lows has rattled markets, but analysts argue the decline shows classic signs of bottoming. On-chain stress, seller exhaustion, and technical triggers suggest a recovery may be close.
Bitcoin price has slipped below $90,300 with selling pressure rising and support turning thin. A bounce only survives if buyers reclaim the breakdown level soon.
XRP’s new ETF launched with strong inflows, but whale selling and broader market pressure dragged prices lower. Analysts say institutional impact may take longer to materialize, even as sentiment indicators hint at a potential bottom.
Gonka is redefining decentralized infrastructure by optimizing computational power for AI model training and inference. Unlike traditional centralized cloud providers—often costly, monopolistic, and prone to censorship—Gonka offers a scalable and efficient alternative that channels nearly 100% of its computing resources into meaningful AI tasks. Recently, David Liberman, co-founder of Gonka, joined BeInCrypto for an AMA
Japan’s Financial Services Agency reportedly plans to reclassify 105 cryptocurrencies as financial products and reduce the tax rate on crypto gains from a steep 55% maximum to a flat 20%, aligning with stock market tax policy. The proposed reform targets legislative submission in the 2026 Diet session. This regulatory overhaul is Japan’s boldest move yet