Bitcoin soars strongly, and killer applications are envisioned

Bitcoin soars strongly, and killer applications are envisioned


Bitcoin prices soared further in the Asian session on Tuesday (October 27), continuing yesterday's strong performance.

 

     The quotes released by BITSTAMP showed that Bitcoin/ US dollar (XBT/USD) fluctuated in the range of 280-288 yesterday, and soared above 292 in the Asian session of this trading day.

 

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

 

     According to the quotes published by KRAKEN, Bitcoin/ Euro (XBT/EUR) fluctuated in the range of 253-258 yesterday. It further soared above 262 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 traded in the range of 1841-1868 yesterday, and surged to around 1915 on this trading day, but unlike other currencies, it later fell back to the 1880 level.

 

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

 

     In terms of industry , Coinbase held a brainstorming meeting to discuss what the killer applications of Bitcoin would be. Among them, Bitcoin functional browsers, mobile micropayment services, and remittance applications may be worth watching.

 

     Bitcoin Explorer is a web browser with a built-in Bitcoin wallet, which can unlock a number of new applications. Mobile Micropayments is a mobile application that allows people around the world to make money using their phone numbers. Remittance App is an application that makes remittances cheaper, faster and more accessible through the Bitcoin payment network.

 

     At 12:48 Beijing time on October 27, Bitcoin/USD was 291.25, Bitcoin/Euro was 260.03, and Bitcoin/ RMB was 1877.46.


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