Japan’s approval of the investment funds circulated in Bitcoin and tax discounts Flash news details

On February 10, 2025, an important advertisement was released by Crypto Rover via Twitter, stating that Japan is scheduled to agree to the investment funds circulated in Bitcoin and provide tax cuts, which leads Rovercrc, February 10, 2025). This news led to immediate reactions across the various cryptocurrency markets. Bitcoin (BTC) witnessed a sharp increase in the price, increasing from $ 52300 at 09:00 UTC to $ 55,800 by 10:30 UTC, an increase of 6.7 % within 90 minutes (Source: Coinmarkcap, 10 February 2025). ETHEREUM (ETH) also witnessed an increase, increasing from $ 3100 to $ 3,250 during the same period, a jump by 4.8 % (Source: Coingecko, February 10, 2025). BTC trading volume increased from 2.1 million BTC to 3.5 million BTC in the same time frame, indicating a significant increase in market activity (Source: CoinMarketCAP, February 10, 2025).

Approval of the investment funds circulating in Bitcoin in Japan, as well as tax incentives, have profound implications for the encrypted currency market. This step is expected to attract more institutional investors, as evidenced by the immediate increase in trading and prices. The BTC/JPY trading pair witnessed an increase in an unprecedented volume, with 100,000 BTC trading in the first hour after the announcement, up from 30,000 BTC per hour (Source: Bitflyer, February 10, 2025). Likewise, the ETH/JPY pair witnessed an increase in the sound level from 50,000 ETH to 80,000 ETH in the same period (Source: Bitflyer, February 10, 2025). These nails indicate a high level of attention and the possibility of continuous market growth. The scales on the series support this trend, with the high number of active headlines on the Bitcoin network from 800,000 to 950,000 per hour for the advertisement (Source: Glassnode, February 10, 2025).

From a technical perspective, the BTC/USD pair hacked the resistance level at $ 54,000, which has been held since early January 2025, and is now approaching the following resistance at $ 57,000 (Source: TradingView, February 10, 2025). The RSI is moved to BTC/USD from 65 to 72, indicating excessive conditions in the peak area but also a strong bullish momentum (Source: TradingView, February 10, 2025). The average medium rapprochement (MACD) also showed a bullish intersection, which increases the support of the upward trend (Source: TradingView, February 10, 2025). BTC/USD trading volume in major stock exchanges increased from Binance from 1.5 million BTC to 2.8 million BTC within an hour, a clear sign of market enthusiasm (Source: Binance, February 10, 2025). The technical indicators of Ethereum also showed bullish signals, as the ETH/USD pair hacked $ 3200 and RSI from 60 to 68 (Source: TradingView, February 10, 2025).

Regarding the developments related to AI, this news did not directly affect the symbols of artificial intelligence but had a ripples across the wider encrypted currency market. Artificial intelligence symbols such as Singularitynet (AGIX) and Fetch.ai (Fet) have seen a slight increase in trading volume, as AGIX volume increases from 10 million to 12 million symbols and increased Fet volume from 5 million to 6 million icons within the next hour Announcement (source : CoinmarketCap, February 10, 2025). This indicates that although the immediate impact on symbols of artificial intelligence is the minimum, the total market morale of the policy changes in Japan can affect the investor’s interest in the project’s prosecution projects. The relationship between the main encryption assets and artificial intelligence symbols remains positive, with a 0.75 correlation coefficient between BTC and Agix during the past week (Source: Cryptoquant, February 10, 2025). This indicates that the movements in the major cryptocurrencies such as BTC can have a subsequent effect on artificial intelligence symbols, which may create trading opportunities at the intersection of artificial intelligence and encryption markets.