author Yasuo MatsudaRakuten Wallet Senior Analyst
Majored in the international monetary system at the Faculty of Economics, University of Tokyo. He is engaged in foreign exchange and bond sales and trading at Mitsubishi UFJ Bank and Deutsche Bank Group. Since 2018, she has been engaged in analyzing and forecasting the crypto-asset market at a crypto-asset exchange company, and is forecasting a peak of 8 million yen in 2021 and 5 million yen at the end of the year, which is almost right. Current position from January 2022.
point
・Rebound in the upper $23,000 range
・Even though it was lowered immediately after the FOMC, it was reversed at the chairman’s press conference.
・Even though the chairman will discuss raising interest rates two more times, the market will not give up on the scenario that the interest rate will be raised only once.
・ Today is the ECB Governing Council meeting, but are you paying attention to the US employment statistics the day after tomorrow?
Yesterday’s BTC Market
BTC price rose yesterday.
Immediately after the FOMC, the dollar fell below $23,000 (approximately ¥3 million), but when the FRB chairman’s press conference began, it turned around and climbed to the high $23,000 range.
BTC rebounded just before $24,000 (approximately ¥3.1 million) at the beginning of the week, and then continued to struggle around $23,000 from a wait-and-see attitude before the FOMC.
The ISM Manufacturing Business Sentiment Index dropped to 47.4, lower than the expected 48.0, and the US stocks fell, and BTC also fell slightly, but the reaction was limited ahead of the FOMC.
The FOMC, which is attracting attention, raised the interest rate by 25bp as expected, but it lowered the rate to the mid-$22,000 range, perhaps disgusted by the fact that “the inflation rate (omitted) has remained high” in its statement.
Then, when Chairman Powell’s press conference began, it seemed that there was no hawkish message that made him wary that the chairman’s opening comment was over. BTC cut back.
Senator Elizabeth Warren, a leading Senate Democrat, took to Twitter to call on the chairman to stop raising interest rates.
In the Q&A session that followed, the Chair responded to a WSJ reporter’s question as to whether the interest rate hike would be halted. However, US stocks and BTC continued to rise.
BTC continued its rally even as US stocks retreated towards the close, but has paused just below $24,000.
