Bitcoin prices fluctuated lower in Asian trading on Friday

The price of Bitcoin fluctuated downward in the Asian session on Friday (February 26), and the recent volatile trend continued, lacking direction.

The quotes released by BITSTAMP show that Bitcoin/US dollar (XBT/USD) fell from 426 to below 418 yesterday and then fluctuated. In this trading day, it fell moderately from around 424 to 420 in the Asian session.

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

The quotes released by KRAKEN show that Bitcoin/Euro (XBT/EUR) fell from 388 to below 380 yesterday and then fluctuated. In this trading day, it fell from around 384 to below 380 in the Asian session.

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

The quotes released by Huobi.com showed that Bitcoin/CNY fell from around 2838 to 2768 yesterday and then fluctuated. It fell moderately to the 2790 level in the Asian session of this trading day.

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

In terms of industry, BTCS, formerly known as Bitcoin Shop, released its 2015 financial report. Data showed that the company's revenue increased, but it suffered a high net loss, mainly due to high operating expenses.

BTCS has been investing in its transaction confirmation business, which has led to an increase in the company's revenue. However, in the first half of 2015, the company suffered a net loss of US$4.6 million and a net loss of US$3.82 million in the third quarter, mainly due to the continued increase in operating expenses.

At 13:05 Beijing time on February 26, Bitcoin/USD was 420.32, Bitcoin/Euro was 379.30, and Bitcoin/RMB was 2797.65.