Bitcoin prices rose again in the Asian session, continuing the surge

Bitcoin prices rose again in the Asian session on Thursday (October 15), continuing its strong performance after yesterday's surge.

     The quotes released by BITSTAMP show that Bitcoin/US dollar (XBT/USD) soared from around 248 to above 255 yesterday. Although it has since fallen back to below 253, it is still approaching the 256 level in the Asian session of this trading day.

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

     The quotes released by KRAKEN showed that Bitcoin/Euro (XBT/EUR) rose from 218 to a high of 222 yesterday, then fell back to the 220 level, but further approached the 223 level 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 rose from around 1610.80 to around 1649.50 yesterday, and even soared to around 1668.94 in the Asian session of this trading day. It is currently trading at the 1656 level.

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

     In the industry, Abra, a Bitcoin remittance mobile application that combines "Bitcoin blockchain + human ATM", received 12 million venture capital in its A round .

     Abra was founded by former Netscape executive Bill Brahydt. It uses Bitcoin as its backend infrastructure, but the fixed-value settlement funds are in US dollars.

     Bill Brahydt said, “We hope that Abra can turn all smartphones into an ATM that can withdraw money. It is not just a Bitcoin application, the wallet will be a comprehensive digital asset management system.”

     Abra co-founder Jim Robinson said the company is leveraging the potential of bitcoin technology to reduce friction in financial services. Abra aims to capture the $550 billion global remittance market by reducing the associated remittance fees.

     At 12:47 Beijing time on October 15, Bitcoin/USD was 254.50, Bitcoin/Euro was 221.42, and Bitcoin/RMB was 1655.99.