On the 16th, the Bitcoin (BTC) exchange rate against the yen continued to scramble around 3.2 million yen. However, as the dollar strengthened and the yen weakened in the foreign exchange market, BTC fell slightly below the milestone of $24,000 (≒3.22 million yen) against the dollar. Yesterday, the start of BTC trading services by Brazil’s largest broker, XP Inc, and the rise in the market price of Shiva Dog-type coins, etc., were confirmed to support the BTC market. A report that the sale of BTC worth 187 million yen was revealed to secure the flow and that Celsius received permission from the US court to sell mined BTC suppressed the price.
Figure 1: BTC vs. Yen for the previous day (left, 1-minute) and BTC vs. Yen for the last 3 months (right, daily) Source: Created from bitbank.cc
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