Virtual Currency Market Analysis [February 5]

Bitcoin has recently shown extremely large fluctuations.

On February 28, when a very large drop occurred and the fear index recorded 15, two days later, Mr. Trump made remarks about strategic reserves of Bitcoin and other XRP, ADA, and the market surged to around 95,000 dollars, and the following day, with statements about tariffs on Canada and Mexico, the market rose and then dropped sharply, continuing to be unstable.

In the rise on March 2, XRP and ADA surged nearly 60%, showing an enormous rise.

With the US president now Trump, it seems that the influence on some cryptocurrency market assets has slightly strengthened.

◯ Tax return deadline approaching

The tax return deadline is approaching next weekend, and many people seem busy with their tasks.

I too am compiling daily profit and loss calculations, reviewing the contents many times to ensure there are no mistakes and that profit and loss are properly recorded.

Cryptocurrency declarations are said to be miscellaneous income, but in fact, for several years now, if annual income exceeds 3 million yen and is continuous, you can declare it as business income.

Although it is not feasible for most working people with side jobs, if you classify it as business income, there are several advantages such as loss carryover and blue return deductions.

For cryptocurrency trading, if there is income, it can be considered as business income. Details are described on the National Tax Agency website.

◯ Crypto reserves push up prices

Trump announced in 2025 year 3 2 that the US crypto reserves including Bitcoin, Ethereum, XRP, ADA, and Solana would be announced. The price surged on 3 3, and ADA rose 60%, XRP rose 33%, adding 300 billion dollars to the market. “BTC and ETH lead,” Trump said. While crypto enthusiasts cheered, skeptics questioned the inclusion of altcoins.

Analyst Alex Kruger noted that Bitcoin dipped below 900,000 dollars and said, “Tariffs kill risk assets.”

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This is the most recent news with large fluctuations.

There is talk of a cryptocurrency conference at the White House this Friday, and its developments are being watched closely.

When it comes to Bitcoin strategic reserves, everyone agrees, but there is real debate about whether other currencies’ reserves are truly useful.

◯ Market influenced by the US

We have entered an era of economic turbulence. Every day brings new announcements, new decisions, and new actions. Instead of following simple, predictable plans, Trump and his administration are acting swiftly and destroying things.

The White House confirmed last night that President Trump has fully halted military aid to Ukraine due to disagreements with Ukrainian President Zelensky.

The freeze of aid could intensify conflict, raise geopolitical instability, and lead to market volatility and economic uncertainty. Furthermore, this move could signal a shift in US foreign policy and potentially have wide-ranging impacts on international trade relations and global security alliances, factors that significantly affect investor confidence and financial markets worldwide.

Last night, President Trump confirmed 25% tariffs on Canada and Mexico and 10% on China as well.

Once President Trump confirmed the tariffs, stock prices immediately fell, and the S&P 500 is down for the year, a negative start to the year. -the pomp

The market has swung greatly due to US-imposed tariffs and the Ukraine issue. The cryptocurrency market has faced a large drop, but my view has not changed.

There is talk that the US issues will settle and stabilize by the end of 2025, and that pursuing campaign promises in the United States will involve short-term pain.

◯ Bitcoin Fear Index

Bitcoin’s Fear Index has fallen to about 15% due to the extreme decline, and is currently at 20%. Overall, there is a tendency to refrain from buying.

However, I feel it can also be viewed as an opportunity.

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（This article has been distributed since 2016）