An erroneous transfer occurred on the Bitcoin network

According to FX168, most Bitcoin prices fluctuated higher in the Asian session on Friday (March 4), showing a bullish trend.

The quotes released by BITSTAMP show that Bitcoin/US dollar (XBT/USD) basically fluctuated and consolidated below the 424 line yesterday, and traded around 421 in the Asian session of this trading day.

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

The quotes released by KRAKEN show that Bitcoin/Euro (XBT/EUR) was relatively volatile yesterday, but overall it was trading below the 390 line. During this trading day, it fluctuated from below 385 to around 386 in the Asian session.

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

The quotes released by Huobi.com show that Bitcoin/CNY fell from around 2860 to 2770 yesterday, then rebounded. It continued to rise to around 2805 in the Asian session of this trading day.

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

In the industry, media reported that an erroneous transfer occurred in the Bitcoin BTC network on Thursday (March 3). A trader paid a handling fee of 15.68 BTC when sending 6.6953 BTC. Based on the market price of BTC at 2900 CNY at the time, this handling fee amounted to 45,000 RMB (equivalent to about 7,000 USD). However, Bitcoin transfers are irreversible, and this handling fee cannot be refunded.

This should be considered the most expensive transaction fee in the history of the BTC network. The transaction details can be viewed on BlockChain.

At 13:10 Beijing time on March 4, Bitcoin/USD was 421.62, Bitcoin/Euro was 386.03, and Bitcoin/RMB was 2806.54.