Trump’s 68% Crypto Tax Bombshell Sends Bitcoin Crashing to One-Week Low

Bitcoin just got a political gut punch—and the market's reacting fast. The OG cryptocurrency nosedived to its lowest level in seven days after former President Trump floated a staggering 68% capital gains tax on crypto trades. Here's what's unfolding.

Blood in the water? Not so fast.

While headlines scream panic, seasoned traders see this as classic buy-the-dip territory. The proposed tax—still hypothetical—would hit short-term speculators hardest. Long-term HODLers? They're shrugging it off like another Wednesday in crypto winter.

Wall Street's already spinning this as 'proof' crypto can't handle regulation. Meanwhile, decentralized exchanges are quietly seeing volume spikes—because nothing fuels adoption like politicians trying to kill it.

Bottom line: Markets hate uncertainty more than taxes. Once the dust settles, we'll see if this was a blip or the start of something bigger. Either way, the taxman cometh—just maybe not as dramatically as the headlines suggest.