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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.
Bitcoin (BTC) on the 26th is almost flat against the yen around 3 million yen. Ahead of the announcement of the US GDP growth rate for the fourth quarter of 2022, BTC on this day in Tokyo time was in a struggle at around 3 million yen. U.S. GDP slowed to 2.9% from 3.2% in the previous quarter, but exceeded market expectations of 2.6%, showing resilience. . In response to the mixed results of the economic indicators, the BTC price touched 3.02 million yen at one point, but did not increase its top price, and ended up closing at 2.994 million yen without showing a clear sense of direction.
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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