Cryptocurrency Market Analysis [July 23 Issue]

Last week's Bitcoin saw a sizable

price gain from a large correction

rise a bit.

There is still strong buying pressure

in a zone just above 1,000,000 yen,

and it seems robust.

Bitcoin daily chart

There has been a certain rebound

that can be observed now, so Bitcoin

will likely stay around this price, continuing

to be at a buying point as last week.

it seems.

【Ethereum continues to be at a buying point】

Ethereum, like Bitcoin,

has recently rebounded from a strong resistance line (around 20,000 yen).

At present, Ethereum’s

price of 23,000 yen

is at last September’s price level

【The influence of Libra and Bitcoin

is growing.】

Last week, President Trump criticized Libra and

Bitcoin, which we reported.

And then in the U.S. Congress,

a hearing on Libra was held, and the CEO of Facebook's cryptocurrency division

Calibra, Mr. David, faced tough questions from lawmakers.

Libra is expected to be issued under proper regulation,

so the 2020 issuance may be delayed.

Clearly, the government does not think highly of Libra.

They feel Libra could threaten the value and influence of the dollar.

that is why.

... (omitted below)

Overview of Libra here

This week's article covers

・Price fluctuations of notable cryptocurrencies this week

・Bitcoin technical analysis

・Facebook's Libra cryptocurrency outlook

・Dividend wallet performance

・Senator Fujimaki's election loss and the future role of the Cryptocurrency Exchange Association

・Upcoming notable cryptocurrency auctions

In the monthly paid reports, I will provide higher-level information not available on my cryptocurrency site.

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