BTC breaks through the $89000 mark

Far softer than expected inflation numbers Thursday morning had markets racing early, but some are questioning the data. What to know : In what's now become a regular occurrence during this bear market, crypto markets swung from sizable gains to sizable losses in a very short time frame. Bitcoin early in U.S. action Thursday had popped above $89,000 after a far softer than forecast CPI print initially raised hopes for easier Fed monetary policy. Though well off session highs, equity markets remain nicely in the green for day, continuing their 2025 pattern of outperforming crypto.

In the past 30 minutes, multiple orders worth $150 million have been cleared in the cryptocurrency market. （Watcher.Guru）

OKX-ETH/USDT is currently trading at $2800.50, with a 5-minute drop of 0.15%. Please be aware of market fluctuations.

[SBI Executive: Japan's Crypto Tax Reform Progress is Slow, May Take Effect as Early as 2028] SBI Global Asset Management CEO Tomoya Asakura stated that Japan's crypto tax reform process is extremely slow, citing opinions from political figures that the reform might be delayed and could take effect as early as 2028. Asakura pointed out that if the reform is delayed, Japan will fall behind the U.S., as well as regions in Asia and the Middle East. Currently, Japan's maximum tax rate on crypto gains is as high as 55%. The Financial Services Agency (FSA) plans to adjust crypto assets to be subject to a separate tax rate of approximately 20%. Relevant legal amendments are expected to be submitted to the Diet in early 2026.

OKX-BTC/USDT is currently trading at $86816.40, with a 5-minute drop of 0.61%. Please be aware of the market fluctuations.