bitbank is one of the largest cryptocurrency exchanges in Japan, which holds more than 600,000 users and 31 available trading pairs, with approximately 20~30% spot-volume share domestically. Users can trade cryptocurrencies in spot markets on exchange and on OTC basis. bitbank has also partnered with Mitsui Sumitomo Trust Holdings Inc., one of the largest specialized trust bank groups in Japan, to establish a certified digital asset trust custodian company, Japan Digital Asset Trust Preparatory Company, Inc. (JADAT), in Japan. bitbank is ISMS certified and abides by every financial regulation standard prescribed by the Japanese FSA.
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Bitcoin continues to fluctuate sideways while forming a symmetrical triangle pattern around $70k. Bitcoin started off this week with a seemingly spot-market-led sell off and dipped slightly below $65k
Bitcoin showed strength on Monday this week after suffering a brutal 17% correction last week as capital flows to spot bitcoin ETFs significantly decreased. However, after recovering $70k on Monday, t
Bitcoin started to lose its grip around $52k as the price slowly slid on Wednesday’s Tokyo session, while ether faced selling pressure after recovering $3k and the U.S. stock index futures prepared fo
Bitcoin jumped to $50k for the first time since December 2021 on Monday. The surge was led by Ethereum’s Ether (ETF), which, in these days, has been buoyed by anticipation for the next major network u
Bitcoin dipped below the $40k psychological level as the flagship cryptocurrency started off a rocky week. The declines in Monday’s China and Hong Kong stock markets have put pressure on bitcoin, whic
Bitcoin continues to consolidate as the market looks for a new catalyst. The strong U.S. December retail sales ruffled the market and its expectation that the Fed’s rate cuts will start in March has s
Bitcoin pulled back after hitting its two-year high as the first ever spot bitcoin ETFs in the U.S. started trading last Thursday. The price of bitcoin briefly recovered $49k on Thursday but it quickl
After last week’s quick correction to sub-$35k level, bitcoin showed a sharp rebound to $38k. However, despite its solid fluctuation, the upside has been suppressed at the $38k psychological level.
Despite Fed chair Powell’s comments on possible additional rate hike last Thursday, bitcoin continues to fluctuate around $37k. The wider financial market seems to hold optimism for the U.S. CPI and r
After setting a new 2023 high on Monday, bitcoin fluctuates mostly sideways at around $34k. The market’s expectations for the first spot bitcoin ETF in the U.S. to get approved by the SEC has exploded
![[Weekly Analysis] Crypto market analysis of October 27th, 2023](https://resource.xangle.io/content/thumbnails/1604/content_1604_thumbnail_8a3bc1d8.webp)
After stabilizing just above $28k, bitcoin breached $29k during the Tokyo session on Friday. Despite the “fake ETF approval” conundrum at the beginning of the week, the price of bitcoin managed to rec
![[Weekly Analysis] Crypto market analysis of October 20th, 2023](https://resource.xangle.io/content/thumbnails/1590/content_1590_thumbnail_a9f904da.webp)
Bitcoin failed to breach a key technical resistance–its 200-day moving average–at the start of the week and dips below $27k. Some market watchers pointed out the geopolitical risk regarding the confro
![[Weekly Analysis] Crypto market analysis of October 13th, 2023](https://resource.xangle.io/content/thumbnails/1563/content_1563_thumbnail_db2ca247.webp)