Crypto

Crypto hot issues: Virtual asset tax rules due next month as Uptober rally loses steam

South Korea’s National Tax Service said it is preparing to issue detailed criteria for taxing digital assets around November, as questions persist over staking, airdrops, hard forks and DeFi. Lawmakers urged preparations on the assumption the current system will take effect unless the National Assembly decides to delay it. Separately, discussions continue on phase-two legislation under the Digital Asset Basic Act, including stablecoins. Markets also tracked bitcoin’s stalled push above $87,000 and Ethereum’s next major upgrade.

Crypto

Bitcoin fear eases after 2.24 percent rebound, direction hinges on CPI

Bitcoin rebounded 2.24 percent after sliding to an intraday low of $80,953.41 and recovered to $83,591.79. It held support at a higher low and reclaimed a Fibonacci “golden zone” range. Market sentiment cooled to neutral, with the crypto fear and greed index at 56. Prediction-market odds for $80,000 in October edged down. ETF outflows, upcoming U.S. CPI data and technical indicators are seen as near-term drivers.