#TrumpTaxCuts Bitcoin (BTC) is currently trading at $95,468, reflecting a 1.6% increase over the past 24 hours. Ethereum (ETH) is trading at $1,817.91, up 0.63% in the same period.

President Trump's proposed tax reforms, including making the 2017 Tax Cuts and Jobs Act permanent and exempting incomes below $150,000 from income tax, have stirred discussions in the crypto community. Additionally, plans to eliminate capital gains tax on U.S.-issued cryptocurrencies could significantly impact the market.

These policy proposals have contributed to increased volatility in the cryptocurrency market, with Bitcoin experiencing notable price fluctuations in recent weeks.