The Asian market was under pressure again and fell sharply for two consecutive trading days

Bitcoin prices fell further in the Asian session on Friday (January 29) , continuing the downward trend after yesterday's sharp drop.

The quotes released by BITSTAMP show that Bitcoin/US dollar (XBT/USD) fell from 395 to below 380 yesterday and then fluctuated sideways. It further fell to around 365 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 365 to 350 yesterday and continued to move sideways, and further fell below 340 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 sharply from 2625 to 2540 yesterday and then fluctuated sideways. It further fell to around 2445 in the Asian session of this trading day.

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

On the industry front, the North American Bitcoin Conference (TNABC) concluded successfully in Miami, where various bitcoin startups showcased their new ideas and concepts to attendees.

The main goal of these types of events is to bring more innovation to the cryptocurrency ecosystem, and hackathons are the perfect way to achieve this goal.

The Bitmine startup emerged as the winner of the 2016 Miami Bitcoin Hackathon for programming an application that allows consumers to go to a suitable store and acquire Bitcoin.

At 13:10 Beijing time on January 29, Bitcoin/USD was 371.10, Bitcoin/Euro was 342.00, and Bitcoin/CNY was 2469.00.