Bitcoin we mentioned last week 's

price was 1,700,000 yen, but

yesterday it recorded 1,900,000 yen.

Bitcoin daily chart

has surged by more than 10% in a week

and has reached a level that exceeds

1,800,000 yen, which was discussed among individual investors

as a price for the year-end was close,

but it has already come near that price range.

At this pace, there is a strong possibility

to reach 2,000,000 yen by year-end,

but the question is whether it will touch 2,000,000 yen and pull back,

or whether the target will be raised to 2,200,000 yen by the end of 2017.

That is a key point.

Let's compare with the price during the bubble at the end of 2017.

Bitcoin weekly chart

The levels during the bubble highs were

170, 200, 220

the first target of 1,700,000 yen is

being raised.

What will happen regarding 200 and 220 by the end of the year

is under close watch.

As I mentioned last week, this Bitcoin rise

is at the bubble level of last year,

but this time it is said that institutions are the main players.

Of course, profits can be made from short-term trading like an investment bank,

and there are long-term holders such as MicroStrategy

that continue to hold Bitcoin,

and even compared to 2017, selling pressure may not be as large

as expected.

That said, since it has risen sharply now,

a drop to around 1,600,000 yen followed by a rebound

and another rise would not be unusual,

so when investing for the medium-to-long term,

you should consider that possibility as well.

Bitcoin recently reached 1,900,000 yen

and we also summarize analyses here.

https://bitcoin-newstart.com/btc1122

【Ethereum records 60,000 yen】

On Monday, November 23, Ethereum

remarkably recorded 60,000 yen.

Ethereum weekly chart

continues to update its highest price of the year.

Looking at the weekly chart, Ethereum's

current price is at the May 2018 level

of that time

indeed the highest in 2 years and 6 months

since then.

For Ethereum, December 1st is the start of Ethereum 2.0,

but it will require more staking than necessary

to be prepared.

About one more week remains,

and as of today the 23rd, 55.8% has been achieved.

速報はこちら

https://twitter.com/DepositEth

Whether it will actually be achieved is questionable,

but ultimately whether the operators’ funds will come in

(that may or may not be possible)

If achieved, it would likely become a further

price-boosting factor for Ethereum.

As Ethereum can be staked,

the selling pressure will decrease as much as possible

and contribute to future price stability.

Additionally, those who stake will earn interest.

＊How I stake Ethereum is described in the paid section.

Overview of Ethereum 2.0

https://bitcoin-newstart.com/eth2-0

【Ripple rises over 60% in one week】

Ripple surged more than 60% in one week.

Ripple daily chart

On the 21st and 22nd, there was a substantial rise,

so effectively about two days yielded

nearly a 60% increase.

Compared to other currencies,

Ripple had been relatively undervalued,

but now it is drawing significant attention.

Until now, Ripple's selling pressure was

perceived as being from the operators; whether

the operators such as SBIwere selling below market price and thus

disposing at actual market prices was a rumor.

There are various factors at play, but

this surge demonstrates Ripple's potential for price gains.

Ripple will have a snapshot on December 12 for the

free Spark tokens,so perhaps there could be another rise before then.

Details of Ripple price rise

https://bitcoin-newstart.com/ripple1122

Spark token reception method

https://bitcoin-newstart.com/spark-ledgernanos

There has been no statement from exchanges yet,

so those who have assets on exchanges should

wait for guidance.

They will usually respond, but...

【注意: cryptocurrency taxes】

Generally, taxes apply when profits exceed 200,000 yen.

With this recent surge in the crypto market,

for example, if Ripple yields a profit,

and you convert that to Bitcoin,

or if Bitcoin yields a profit and you convert to Ripple,

the gains at the time of the exchange between cryptocurrencies are taxable,

so you need to know how much tax you will owe.

）

Cryptocurrency Market Analysis [November 23 Edition]