Headline: Markets Rebound as BCH Outperforms; Policy Shifts and Asia Tax Risks in Focus
In a broad risk-on session, Bitcoin Cash led crypto gains while U.S. stocks rallied on growing confidence that the government shutdown will be resolved. Aviation disruptions eased, policy debates around mortgages resurfaced, and new tax proposals in Vietnam raised questions for major foreign investors.
Bitcoin Cash climbed about 1.9% on rising volume, outpacing most altcoins as traders monitored key technical levels. Market participants are watching support near $515 and a potential move toward $530, with volatility keeping short-term strategies active. The broader digital-asset market remained mixed as investors weighed liquidity conditions and rotation within large-cap tokens.
Equities advanced sharply, with the Dow posting a gain of more than 550 points on optimism around a shutdown endgame, even as concerns about exuberance lingered. Tech shares lagged at times, pointing to an ongoing sector rotation, while precious metals like gold and silver caught a bid. In travel, flight cancellations eased to roughly 6% as operations normalized, yet private aviation continued to see strong demand. Investors kept travel and leisure stocks in focus as restrictions gradually unwind.
Policy headlines rounded out the day. A floated 50-year mortgage concept drew attention for potentially lowering monthly payments at the expense of higher lifetime borrowing costs—an issue intertwined with the U.S. housing affordability crunch. In Asia, Vietnam’s tax reform plans could increase operating costs for Korean tech groups, including firms with sizeable commitments in the country, potentially tempering future investment regardless of existing multibillion-dollar stakes.
Key Points: – Bitcoin Cash gained around 1.9% on higher volume, with traders watching $515 support and a $530 upside target. – U.S. stocks rallied on shutdown relief hopes; sector rotation persisted as tech underperformed while gold and silver firmed. – Flight cancellations fell to about 6% amid operational normalization; private aviation demand stayed elevated. – A 50-year mortgage proposal could lower monthly payments but raise total borrowing costs, spotlighting affordability risks. – Vietnam’s proposed tax reforms may raise costs for foreign tech manufacturers, potentially weighing on new investment.
