Budget Balance Impact:

Today’s budget balance announcement could impact the crypto market based on fiscal deficit levels, tax policies, and regulatory changes.

A high deficit may drive investors toward crypto as a hedge, while surplus could strengthen fiat appeal. Changes in crypto taxation—like high capital gains taxes—may dampen local activity and increase offshore trading. Regulatory shifts, such as relaxed banking restrictions, can boost confidence and innovation. Though less tied to macroeconomic trends than traditional assets, crypto prices still react to policy shifts. Currently, Bitcoin (#BTC) and Ethereum (#ETH) show slight gains, reflecting cautious optimism. Investors should watch fiscal signals closely for short-term market movements. #NewsTrade