Bitcoin dominance has fallen to 59.8%, reflecting a shift towards altcoins. Ethereum rose by 4%, while XRP and Solana saw increases of 2% and 3%, respectively, amidst Bitcoin’s 1% downturn.
The electoral defeat of Japan’s ruling party could lead to significant cryptocurrency tax reforms, potentially lowering rates from 55% to 20%. This situation presents a chance for increased crypto adoption in Japan.
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