Bitcoin prices continued to fluctuate in a narrow range in the Asian session on Wednesday (March 9)

Bitcoin prices continued to fluctuate in a narrow range in the Asian session on Wednesday (March 9), still showing a mixed trend of ups and downs.

The quotes released by BITSTAMP show that Bitcoin/ US dollar (XBT/USD) fluctuated around 414 and fell below 410 yesterday. It traded in a narrow range around 410 in the Asian session of this trading day.

(Bitcoin/US dollar time-sharing chart Source: Bloomberg, FX168 Financial Network)

The quotes released by KRAKEN show that Bitcoin/ Euro (XBT/EUR) fell from around 375 to around 371 yesterday, and temporarily fluctuated narrowly around 373 in the Asian session of this trading day.

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

The quotes released by Huobi.com show that Bitcoin/ CNY fell from 2755 to around 2715 yesterday, and then rebounded from there to around 2735. It fluctuated around 2725 in the Asian session of this trading day.

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

In terms of industry , according to foreign media reports, Andrei Lugovoi, deputy chairman of the Russian State Duma Committee and Anti-Corruption Department, said, "In early 2016, after several meetings with financial institutions and enterprises, the central bank is likely to begin considering legalizing Bitcoin and regulating Bitcoin transactions, especially P2P transactions and personal business custody."

There are currently 200,000 cryptocurrency users in Russia, ranking fifth in the world. Therefore, if the above proposal is passed and implemented, the development of virtual currency in Russia will be further developed.

At 12:15 Beijing time on March 9, Bitcoin/USD was 411.06, Bitcoin/Euro was 374.95, and Bitcoin/ RMB was 2747.60.