author Yuya Hasegawa Bitbank Market Analyst
After graduating from a graduate school in the UK, he worked as an analyst in the FinTech industry and the virtual currency market at a venture company consisting of people from financial institutions. Market analyst at Bitbank Co., Ltd. since 2019. He has a track record of providing comments to major domestic financial media and contributing to overseas media.
The weekly closing price of the Bitcoin (BTC) exchange rate against the yen from the 23rd to the 29th was 3,088,821 yen, an increase of 142.984 yen (4.85%) from the previous week to 3,088,821 yen.
With the U.S. Federal Open Market Committee (FOMC) approaching, the BTC market last week continued to struggle around 3 million yen, which is at the $23,000 level in dollar terms. However, December’s US Personal Consumption Expenditure (PCE), which was confirmed to have slowed for two months in a row year-on-year, did not provide a clear sense of direction.
On the other hand, the litecoin (LTC) and bitcoin cash (BCC/BCH) prices rose on weekends when volatility usually calmed down, and BTC also played a high and touched 3.1 million yen.
Figure 1: BTC vs Yen chart 1 hour Source: Created from bitbank.cc
