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As we look at the evolving landscape of the crypto market, the impact of the Trump Tax Cuts can not be overlooked. ā¼ļøšThese tax reforms have potentially created a more favorable environment for crypto traders by reducing corporate tax rates and increasing disposable income for individuals. For crypto investors, this could mean more liquidity flowing into digital assets, as lower taxes on capital gains and corporate profits might incentivize both retail and institutional investors to increase their exposure to cryptocurrencies.
š¤While some argue that the effects may be short-term, the injection of capital and the potential for increased interest from a broader range of investors could significantly boost the market in the years to come.
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$BTC Latest Daily Candle: Range: $92,953 (low) āļø $94,499 (high)Close: $93,565, down ~0.8% from yesterdayās close Candle type -modest bearish candle with both upper and lower wicks-sellers nudged price below yesterdayās open, but bulls defended around $93k. šThis indecision hints that neither side has full control right now, setting the stage for a meaningful breakout or breakdown. ā¼ļøon the 4-hour chart, BTC has carved out a classic symmetrical trian
Hey traders! XRP is looking pretty strong today, currently trading around $2.26, up about 3.2% in the last 24 hours. The big news? The U.S. SEC just approved the ProShares Trust XRP ETF, and it's set to launch on April 30! No surprise ā the market is loving it, and XRP managed to break above that tricky $2.20 resistance.
On-chain activity is also heating up ā over 838 million XRP moved in just one day, showing a lot of excitement brewing under the surface.
Technically, XRP has solid support between $2.17 and $2.23. If it can push past $2.27 with good volume, we could be eyeing moves up to $2.33 or even $2.40 soon. Some analysts are even talking about a possible run to $2.50ā$3.00 if momentum stays strong after the ETF goes live.
But fair warning: if things cool off, we might see XRP dip back to around $2.05 or even $1.90. So itās definitely a good time to stay sharp and watch key price levels closely.
Overall ā bullish vibes are strong right now, but smart money is staying alert! So go on! April 28, 2025