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Cryptocurrency Practical Investment Article March 26
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【Cryptocurrency Market Analysis】
The price fluctuation of cryptocurrencies since last week
over the past one week is summarized as follows
Display: current price (change from one week ago)
※From this time, figures are in dollars.
(Since cryptocurrency information largely comes from overseas, a dollar quotation is easier to express)
※1Dollar =149yen
Bitcoin
70500dollars(11%)
Ethereum3627dollars(11%)
Solana193dollars(11%)
Bitcoin has risen sharply since last week, reaching a new high.
Bitcoin daily chart
Bitcoin weekly chart
Current assessment of Bitcoin price
○Target price is 76,000 dollars (11.5 million yen)
Bitcoin has had large price movements over the past three weeks, fluctuating at around 74,000 dollars (11 million yen) to 63,000 dollars (9.5 million yen).
Hitting the 10 million yen milestone, it tends to stay in the high range without dropping below 9 million yen, even though large declines are possible.
From the previous 7.6 million yen peak in 2021, strong buying has helped maintain the price.
Bitcoin’s four-year halving event, a major scheduled event, is within one month.
Usually prices fall before halving, but this time it has shown a solid rebound after any dips, indicating robust bottoming behavior.
After halving, Bitcoin has often risen positively within six months. This year remains notable to watch.
Additionally, in May, EthereumETFreview period will also arrive, which is another point of interest.
Ethereum is not as widely adopted as Bitcoin yet,ETFattention may not be very high, but from my perspective, that is exactly why there is room to grow.
RWAwhat is called Real World Asset. Recently you hear it a lot, and this is precisely Ethereum’s use case.
(Real World Asset (RWA:Real World Asset、リアル・ワールド・アセット) refers to assets that have value because they exist outside the blockchain, such as physical assets, digital assets, and databases.)
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(This article has been distributed since 2016)