Japanese Deputy Prime Minister and Finance Minister Tarō Asō said he disagrees with the plan to lower the cryptocurrency tax to the same level as stocks. At the meeting of the Finance Committee of the House of Representatives, he stated that there was no intention to lower the cryptocurrency tax rate to 20%.
With the spread of smartphone-based apps and commission-free independent trading platforms, investing becomes accessible as never before. Now, in the times of Covid-19, many traders and brokers have a rare opportunity to play on market setbacks and turn them into a positive return.
Bitcoin is closing the week as it progresses through the consolidation process in the rising trend on April 24. Cryptocurrency traders and hodlers are focusing on the upcoming halving. The overall mood and technical indicators of the market are positive.
Bitcoin surged to hit over $7,500. It is now trading at up to $7,546 at several cryptocurrency exchanges such as Upbit, Binance, KuCoin, Bithumb, and others. On the other hand, stock markets have been on the decline as institutional selling and coronavirus treatment development failed to prove.
On April 16, the world’s leading cryptocurrency Bitcoin (BTC) plunged to the point where it could barely maintain $7,000 at several digital currency exchanges such as Upbit, Binance, BitMEX Bithumb and many others. Stock markets globally are also showing weakness.
On April 15, Bitcoin (BTC) showed a steady trend, recording over $6900 on several cryptocurrency exchanges such as Upbit, Binance, Bithumb and others. On the same day, the overseas stock markets increased sharply.
Yesterday, the cryptocurrency market continued to decline overall in the mid-day, but most of the stocks increased compared to the morning. And today, the Bitcoin (BTC) trend also seems to be moving downside.