Bitcoin continues to maintain its strength and trading volume surges

Bitcoin prices continued to rise in the Asian session on Monday (November 2) and traded at a high level, maintaining its recent strong performance.

     The quotes released by BITSTAMP show that Bitcoin/ US dollar (XBT/USD) rose from below 305 to around 320 yesterday, and then retreated to below 315, but soared again to above 325 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) soared from below 275 to 290 yesterday. Although it has since retreated slightly to around 285, it has further risen to 295 in the Asian session of this trading day.

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

     The quotes released by Huobi.com showed that Bitcoin/ CNY fluctuated in the 2125-2180 range yesterday. It soared again to the 2250 level in the Asian session of this trading day and traded at a high level around 2230.

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

     In terms of industry , Wu Xing, head of marketing at Huobi.com, delivered a keynote speech titled "How Huobi can become the industry leader in two years" at the 2015 Hubei Internet Entrepreneurs Conference held on Saturday (October 31), introducing the current development status of the Bitcoin industry to the guests and sharing the entrepreneurial journey of Huobi.com.

     Wu Xing said that as a top product in the field of Internet finance , Bitcoin has a tortuous but promising development process. Based on the special significance of Bitcoin blockchain technology in changing the way human value is transmitted, Bitcoin policies in various countries have rebounded, Bitcoin transactions have been active, and Huobi.com has set a record of 950,000 daily transactions, equivalent to 2 billion yuan . As of October 30, the cumulative transaction volume has reached 143 billion.

     At 13:04 Beijing time on November 2, Bitcoin/USD was 325.09, Bitcoin/Euro was 294.80, and Bitcoin/RMB was 2227.23.