author DMM Bitcoin Market Report
Profile: Crypto asset exchange company. With DMM Bitcoin, you can trade with a wide variety of crypto assets (virtual currencies). With strict security, we provide an environment where customers can trade crypto assets with peace of mind. An account can be opened on the same day at the shortest. (Crypto asset exchange business No. 00010 by the Director of the Kanto Local Finance Bureau, No. 3189 by the Director of the Kanto Local Finance Bureau (Kinsho) No. 3189, member association: Japan Crypto Asset Trading Association)
・Bitcoin on the rise since the beginning of the year
BTC/JPY 4-hour Bid chart (created from our trading tool)
Above is the BTC/JPY 4-hour chart from the beginning of 2023 to the time of writing. Checking the chartIt can be seen that it is consistently on an upward trend while creating a box area from the beginning of the year.
BTC, which was trading at the level of 2.2 million yen at the beginning of the year, rose without making any significant dips, and reached the level of 2.6 million yen on the 14th, probably supported by the rise in the price of altcoins. , It recovered to the 3 million yen level on the 21st.
Looking at the stock indices, the Nikkei Stock Average rose about 6% from the opening price of 25,834 yen on the 1/4 opening price to 27,382 yen on the 27th, and the Nasdaq Composite Index rose from 10,562 dollars on the 1/3 opening price to 11,621 on the 27th closing price. The dollar has risen about 10%.
One of the market maxims that I would like to remember in response to the rise in each asset class since the beginning of the year is the phrase “Setsubun ceiling, equinoctial week bottom.”
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