Bitcoin (BTC) against the yen on the 9th rose 17,946 yen (0.35%) to 5,099,603 yen, a slight rebound.
BTC on this day of Tokyo time went up and down over the closing price (5.081 million yen) on the previous day. In overseas time, the European Central Bank (ECB) policy board was wary of the dollar’s upside and the BTC market remained firm, but when the board started, it was 5.02 million at one point due to the unstable movement of the dollar. It fell back to the periphery of the circle. However, when the ECB board announced a decision to reduce the pace of bond purchases within the Pandemic Emergency Purchase Program (PEPP), the market stopped declining, and BTC renewed the high of Tokyo time and touched 5.2 million yen in the appearance of going against the dollar’s rebound. ..
In the US time, the BTC also heavier due to the fall of the three major US indexes, but it was supported by the statement by the president of the Chicago district federal bank Evans that “(the US economy) has not escaped the crisis” and the depreciation of the dollar. Then, the market price tried 5.2 million yen again. However, when US long-term interest rates fell further after the auction of government bonds on that day, BTC fell back and drowned out most of the increase on that day. The market price fell further this morning and sank into the negative territory for a while, but it has returned to around 5.1 million yen due to the appearance of self-reliance.
Figure 1:BTC1-minute chart against the yen Source: Created from bitbank.cc
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