There is a big difference in the price of Bitcoin in different pricing methods

After yesterday's sharp rise, the prices of Bitcoin denominated in different ways showed significant differences in the Asian session on Friday (September 18).

The quotes released by BITSTAMP show that Bitcoin/US dollar (XBT/USD) soared from 227 to above 234 yesterday. Although it has fallen back slightly since then, the overall Asian session of this trading day is still in a high-level oscillation pattern, and is now trading around 233.

The quotes released by KRAKEN show that Bitcoin/Euro (XBT/EUR) also rose from around 202 to 208 yesterday. However, it continued to fall in the Asian session of this trading day, giving up half of the gains to below 205.

The quotes published by Huobi.com show that Bitcoin/RMB soared from around 1473 to 1506 yesterday. After a short break, it reached above 1506 twice in the Asian session of this trading day, and now fell back slightly to 1495.

The divergence of bitcoin price trends in different currencies can be attributed to the divergence of different currencies after the Federal Reserve kept interest rates unchanged. As a result, the U.S. dollar came under heavy pressure, while most non-U.S. currencies soared.

In terms of industry, the U.S. Commodity Futures Trading Commission (CFTC) officially defines virtual currencies such as Bitcoin as commodities.

The CFTC stated in a press release that in the document, the CFTC for the first time reasonably defines Bitcoin and other virtual currencies as commodities.

Aitan Goelman, CFTC's director of enforcement, said that Bitcoin and other virtual currencies are active, but they also need to comply with the rules of all commodity derivatives markets, and innovation is not an excuse.

Houman Shadab, a professor at New York Law School, believes that the document dispels the market's idea of ​​classifying virtual currencies as securities. Otherwise, the document should be proposed by the U.S. Securities and Exchange Commission (SEC) instead of the CFTC.