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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) against the yen fell back on the 2nd, but maintained the milestone of 3 million yen. Fed Chairman Jerome Powell said at a press conference after the Federal Open Market Committee (FOMC) meeting on the 1st that the U.S. economy had passed the peak of inflation and began to experience disinflation. The BTC market recovered to 3 million yen and touched 3.11 million yen early in Tokyo time on the 2nd. After that, the rise was reduced due to profit-taking selling, but the rise of US IT stocks was a tailwind, and it tried to rise again in the US time. On the other hand, Apple’s (AAPL) financial results after the close of business fell short of market expectations for earnings, profits, and sales, and US stocks fell back. BTC also fell in line with this, closing in negative territory.
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
