Huobi.com Bitcoin hits a new high of 6,427 yuan, rising 15% in 3 days, Huobi.com warns of risks

According to data from Huobi.com, a safe and reliable Bitcoin trading platform, as of 11:00 on December 23, the highest price of Bitcoin on Huobi.com was 6,371 yuan. In the past three days, the price of Bitcoin on Huobi.com has hit new highs, with an increase of 15.2%. Today, the highest price of Bitcoin on Huobi.com is 6,427 yuan, the highest price in the history of Bitcoin in the past three years.

Huobi Bitcoin daily chart

On December 23, Huobi.com showed that Bitcoin rose by 4.25% on a daily basis. The opening price was 6124.85 yuan, and as of 11:00, the highest price today was 6427.00 yuan. On December 22, Huobi.com showed that Bitcoin rose by 5% on a daily basis. The opening price was 5854.03 yuan, and the highest price of the day was 6179.00 yuan. On the 21st, Huobi.com's Bitcoin opened at 5577 yuan, and the highest price of the day was 5874 yuan. So far, Bitcoin has risen for three consecutive days, with a three-day increase of 15.2%. Bitcoin has risen by 173% from the low of 2351 at the beginning of the year to 6427, and the market trend throughout the year has shown an upward ladder pattern. After Trump took office and the price of gold continued to fall, Bitcoin has also become one of the most eye-catching new investments this year.

Huobi.com reminds investors: Bitcoin price has no limit on its rise and fall, and the price has fluctuated greatly recently. Please invest with caution and do a good job of risk control. Be proficient in using Huobi.com's planned trading function, reasonably control positions, and flexibly set profit and loss limits.

Huobi COO Zhu Jiawei analyzed:

This year is a bull market for Bitcoin. The rise in Bitcoin prices is the result of multiple promotions. The underlying technology of Bitcoin, blockchain, has been recognized by global financial institutions. The central bank is preparing to issue digital currency and the concept of blockchain has promoted the public's understanding of Bitcoin investment. The investment environment since this year, including the overall performance of stocks and real estate investment, has been poor, and funds need high-quality investment channels; the second halving of Bitcoin production this year has also promoted price increases. In the long run, Bitcoin will be used more and more, and its use value will be greatly improved. Users who use Bitcoin as a safe-haven asset for long-term investment can pay more attention. However, users who make short-term investments, although the current price continues to rise, because the price of Bitcoin is easily affected by many factors and fluctuates greatly, investors must do a good job of risk control.

China's bitcoin trading volume accounts for more than 80% of the world's total. It is understood that the composition of bitcoin investors in 2016 has changed significantly compared to the bull market in 2013. In 2013, they were mainly IT practitioners and enthusiasts. In 2016, taking Huobi as an example, 82% of new bitcoin investors had experience in investing in other fields such as stocks and foreign exchange. Among the users who invested in bitcoin, 66% of them had a general understanding of bitcoin and were relatively professional. In the user composition of Huobi, not only individual users have increased significantly, but the number of new users of Huobi bitcoin trading in November increased by 10 times year-on-year; the number of individual and institutional users of quantitative trading also increased by about 5 times year-on-year. The bitcoin trading market is gradually maturing.

At the same time, Huobi’s cumulative transaction volume has recently exceeded the 2 trillion mark!