Daily Bitcoin: Hot market, mining graphics cards out of stock

Introduction: Bitcoin price traded at a high level in the Asian session on Monday (July 18), maintaining the upward trend of the previous trading day. The quotes released by Huobi.com showed that Bitcoin/RMB soared from around 4430 to 4580 yesterday, and traded at a high level of around 4560 in the Asian session today. (Bitcoin/RMB daily chart source: Huobi.com) The quotes released by BITSTAMP...

The price of Bitcoin traded at a high level in the Asian session on Monday (July 18), maintaining the upward trend of the previous trading day. The quotes released by Huobi.com showed that Bitcoin/ RMB soared from around 4430 to 4580 yesterday, and traded at a high level of around 4560 in the Asian session this trading day.

(Bitcoin/RMB daily chart source: Huobi.com)

The quotes released by BITSTAMP show that Bitcoin/ US dollar (XBT/USD) rose from below 665 to above 680 yesterday, and traded around the high of 680 in the Asian session of this trading day.

(Bitcoin/USD time-sharing chart source: Bloomberg, FX168 Financial Network)

The quotes released by KRAKEN showed that Bitcoin/ Euro (XBT/EUR) rose from below 605 to above 620 yesterday, and traded above 615 in the Asian session of this trading day.

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

The hot Bitcoin has led to a new batch of "miners" to participate in mining. Due to the inherent advantages of AMD graphics cards in asynchronous computing, many miners choose to use them for mining. The newly released RX480 has also become the preferred graphics card for many miners to use for mining. This seems to be the reason for the large-scale shortage of RX480 in the market. At 12:21 on July 18, Beijing time, Bitcoin/ RMB was 4569.43, Bitcoin/USD was 681.68, and Bitcoin/EUR was 616.59.