Bitcoin price bottomed out and rebounded in Asian session on Friday

The price of Bitcoin hit a bottom and rebounded in the Asian session on Friday (March 25), and the short-term mild downward trend remains.

The quotes published by BITSTAMP show that Bitcoin/ USD (XBT/USD) fell from 41 to around 414 yesterday and then rebounded to 417. However, it once fell to around 413 in the Asian session of this trading day, and then rebounded gently to above 415.

(Bitcoin/USD time-sharing chart source: Bloomberg, FX168 Financial Network)

The quotes released by KRAKEN showed that Bitcoin/ Euro (XBT/EUR) rose to nearly 375 yesterday, but continued to fall below 371 in the Asian session overnight and on this trading day, and then rebounded gently to 373.

(Bitcoin/Euro time-sharing chart source: Bloomberg, FX168 Financial Network)

The quotes released by Huobi.com show that Bitcoin/ CNY fell from around 2745 to 2705 yesterday and then rebounded to 2727. It fell again to 2710 in the Asian session of this trading day and then rebounded to 2725.

(Bitcoin/RMB 30-minute chart source: Huobi.com)

The price of Bitcoin has been volatile recently, with rapid rises and falls. But overall, it has been fluctuating downward, with insufficient rebound strength being the main reason. However, taking Bitcoin denominated in US dollars as an example, it has been

At 12:47 Beijing time on March 25, Bitcoin/USD was 415.34, Bitcoin/Euro was 372.09, and Bitcoin/ RMB was 2722.28.