Cryptocurrency Market Analysis [April 1]

Bitcoin rose to 88,000 dollars last week, but over the past week it has turned downward and is currently at the 83,000-dollar level.

It has again moved to break below the 200-day moving average (red line).

Trump is expected to announce a new package on April 2, so the impact is said to be significant.

On the other hand, safe-haven gold is reaching record highs, indicating concerns about the future.

Bitcoin Q1 performance

Bitcoin・・−12%

Ethereum・・−45%

It has been a very harsh first quarter.

It's not that Ethereum itself has a flaw, but while the ecosystem is expanding, the price has fallen this much that we need to reconsider Ethereum's position as the currency ETH.ETH, we think.

BitMEXFounder Arthur Hayes says some investors view this decline as an opportunity to buy Bitcoin and other currencies.

Also the Bitcoin fear index is about 34, indicating it is more stable than during the large drop at one point.

◯ Cryptocurrency Exchange Ranking

025Year Oricon Customer Satisfaction Survey

The overall ranking of 'Crypto Asset Exchanges' has been announced

Remarkably0.1point differencebitbanktook1st place.

2consecutive1place.

2024 Year1st place(Spot)bitbank (Futures)SBI

2023Year1st place(Spot)GMOCoin(Futures)GMOCoin

2022Year1st place(Spot)GMOCoin

2021Year1st place(Spot)GMOCoin

ーーーー.Cryptolord

It still seems Bitbank is steadily increasing its market share.

CMIn terms of advertising, BitFlyer and Coincheck come to mind, but when it comes to trading fees, Bitbank seems to be the choice.

◯ About cryptocurrency tax rates

Japan's direction toward crypto assets and blockchain is to integrate with existing finance

However, the original value and use should be the opposite, free and democratic like the Internet,Permissionlessand within a framework that is open

If this continues, it will just become a restrictive domestic exchange with favorable tax treatment—a downgraded casino, in my view.

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There was news about reviewing the realization of a 20% flat tax on cryptocurrencies.

For example, even if the flat tax is 20%, if the targets are few coins and the fees are high for domestic exchanges, it will still be an inconvenience as described above.

◯ Arthur Hayes

BitMEXArthur Hayes: "Bitcoin will reach25 million dollars by year-end"

Even if US stocks fall due to tariffs and reduced demand,FedwillQT (quantitative tightening) to shift to monetary easing, thenBTCwill rise again, potentially reaching25 million dollars by year-end. Bitcoin has bottomed at76,500 dollars last month and is now aiming for25 million dollars by year-end.

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Arthur Hayes anticipates that it may reach 250,000 dollars (about 35 million yen) at the end of the year more than reaching the low price last month, and appears to be accumulating currencies during this drop.FRB policy rate draws attention.

BlackRockCEO’s annual letter to investors

The United States has benefited for decades from the dollar as the world’s benchmark currency, but that may not continue.

By 2030, the U.S. will have sustained debt leading to a permanent deficit. In this situation, digital assets like Bitcoin could seize that role from the US.COIN

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(This article has been distributed since 2016)