#Businessnews #StockMarket #Bitcoin #ITAT #Crypto #BitcoinRally
Bitcoin hits a new Record High, Exceeding $1.07 lakhs following President-elect Donald Trump’s pro-crypto stance, boosting the global crypto market. Meanwhile, India’s Income Tax Appellate Tribunal (ITAT) ruled that cryptocurrencies should be treated as capital assets, clarifying tax treatment for pre-2022 transactions. This landmark decision means profits from crypto sales before 2022 are considered capital gains, offering potential tax relief for long-term holders. Experts believe this clarity could encourage more Indians to participate in the ongoing Bitcoin rally, despite India’s current flat 30% tax on crypto profits introduced in 2022. Investors remain hopeful as the global and domestic crypto landscapes evolve.

#cryptocurrencies #longterminvesters #Taxrelief #GlobalCryptoMarket #TrumpProcryptopolicy
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