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country crypto pairs btcjpy

BitCoin vs Japanese Yen

Bitcoin vs Japanese Yen (BTCJPY)

Bitcoin vs Japanese Yen BTCJPY represents the exchange rate between the world’s leading cryptocurrency, Bitcoin BTC, and the Japanese Yen JPY, the official currency of Japan.

-.-- -.--%
Annual change
-.--%
All time High / Low
46753 / 11318126
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
10132586
High
10284360

BTCJPY Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 10
  • Swap type: Points
  • Swap Long: -15
  • Swap Short: -15
  • Margin Group: FX Majors
  • Margin Currency: JPY
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of BTCJPY

The history of BTCJPY is a testament to the growth of Bitcoin as a global digital asset. Since its inception in 2009, Bitcoin’s price in Japanese Yen JPY has experienced significant volatility. It saw periods of rapid appreciation, particularly during the 2017 bull run when it reached an all-time high. This pair reflects Japan’s role as an early adopter of Bitcoin, with the country being a prominent player in the cryptocurrency market. Over time, BTCJPY has become a vital trading pair, influencing cryptocurrency trading and investment strategies worldwide and serving as a barometer of Bitcoin’s value in a major fiat currency.

crypto pair btcjpy

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Frequently Asked Questions

BTCJPY is a trading pair notation used in the world of cryptocurrencies and financial markets. It represents the exchange rate or price of Bitcoin BTC quoted in Japanese Yen JPY. In simple terms, it tells you how many Japanese Yen you would need to buy one Bitcoin. This pairing is widely used on cryptocurrency exchanges and trading platforms, serving as a critical metric for traders and investors to understand the value of Bitcoin in the context of the Japanese Yen, a prominent fiat currency in global financial markets.

To trade the BTCJPY pair, open an account on a cryptocurrency exchange that offers this trading option. After completing any necessary verification procedures, deposit Japanese Yen JPY into your exchange account. Then, access the trading interface, where you can place market or limit orders to buy or sell Bitcoin BTC against the Japanese Yen. Monitor the market, use technical and fundamental analysis to make informed decisions, and consider risk management strategies to mitigate potential losses while trading this pairing.

The trading hours for BTCJPY can be found here

Trading strategies for the BTCJPY pair include day trading, swing trading, and long-term investing. Day traders aim to profit from short-term price movements within a single day, utilizing technical analysis and quick decision-making. Swing traders focus on capturing medium-term price swings over several days to weeks, often using technical indicators. Long-term investors buy and hold Bitcoin with the expectation of its value increasing over an extended period. Additionally, risk management and staying informed about market news and trends are crucial components of any successful BTCJPY trading strategy, given the inherent volatility of cryptocurrencies.

When trading the BTCJPY pair, consider factors like market sentiment, technical and fundamental analysis, liquidity, risk management, regulatory compliance, and your chosen trading strategy. Stay updated on cryptocurrency news and market trends that could affect Bitcoin’s price, use technical indicators for analysis, and manage risk with appropriate stop-loss orders. Diversify your portfolio to spread risk and be aware of regulatory requirements in your jurisdiction. Keep in mind that cryptocurrency markets are highly volatile, and your trading strategy should incorporate strong risk management practices to protect your capital.