The crypto market is experiencing increased volatility due to new crypto tax rules implemented by the Biden administration. XRP and BTC are particularly affected by regulatory uncertainty and ongoing legal battles, such as the SEC's case against Ripple. The SEC's upcoming appeal could impact XRP's regulatory classification and potential delistings from major exchanges. On the other hand, a withdrawal of the appeal may boost XRP's value. BTC has also faced challenges, including ETF outflows and concerns over tax policies. However, corporate adoption of BTC as a reserve asset remains positive. The near-term trends for both XRP and BTC depend on regulatory developments and ETF activity, while long-term stability may be achieved through increased corporate adoption of BTC. Investors should stay updated on these critical updates to navigate the volatile crypto market.



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