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20260109 PDAXScope.png

PDAXScope: BTC holds support, XRP surges, tax rules

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PDAX

January 09, 2026

3 min read

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Bitcoin bounces to $90,500 after testing key support of $89,200 (CoinDesk)

Bitcoin is facing a test around the US $89,000 support level after failing to break above US $95,000 earlier in the week, as reported by CoinDesk. The report states that this has made traders cautious, with the market watching closely to see if Bitcoin holds this key price level or dips further.

Why XRP Is Surging So Far in 2026: Analysts (Decrypt)

XRP’s price climbed roughly 25% early in 2026, as reported by Decrypt, after spot ETFs tied to the token attracted more than US $1 billion in net inflows, bringing fresh investor money into the market. Analysts reportedly see the ETF interest as a key driver of the rally, though broader market conditions still influence how long the gains last.

Global Crypto Tax Crackdown Begins; Philippines Committed to Data Exchange by 2028 (BitPinas)

Countries around the world are stepping up efforts to collect taxes on cryptocurrency gains, as reported by BitPinas. New rules and reporting standards, such as the Crypto-Asset Reporting Framework (CARF), are being adopted so tax authorities can automatically share information about crypto trading and holdings across borders.

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Disclaimer: PDAX reaffirms that the statements in this article do not constitute financial advice. PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems. Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis.

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Philippine Digital Asset Exchange (PDAX), Inc. is an entity regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels:

Email: consumeraffairs@bsp.gov.ph- Webchat: http://www.bsp.gov.ph (click web chat feature)

Facebook: https://www.facebook.com/BangkoSentralngPilipinas- Direct Line: (02) 5306 2584 / (02) 8708 7087- Trunk Line: (02) 8708 7701 loc. 2584- SMS: 21582277 (for Globe subscribers only).

For further details, you may refer to BSP's Inclusive Finance - Consumer Protection. In addition, all services related to tokenized bonds are performed by PDAX’s broker-dealer partner, PDAX SECURITIES INC. (formerly BONDS.PH INC.) or the issuer of the tokenized bonds or its underlying assets will satisfy the terms of the tokenized bonds. Any and all purchases and trades involving tokenized bonds are subject to the user’s risk and discretion.

External links are provided for convenience and for informational purposes. They are not statements of PDAX and PDAX bears no responsibility for the accuracy, legality or content of said links.

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