Asian session fell into a consolidation pattern. Bitcoin company BTCS made a net loss in 2015

According to FX168, the price of Bitcoin fluctuated in a relatively narrow range in the Asian session on Wednesday (February 24), and retreated sharply after rising moderately yesterday.

The quotes released by BITSTAMP show that Bitcoin/ US dollar (XBT/USD) first rose moderately to around 440 yesterday, and then retreated from the high to the 415 line. It fluctuated relatively narrowly below 425 in the Asian session of this trading day.

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

The quotes released by KRAKEN show that Bitcoin/ Euro (XBT/EUR) fluctuated higher to around 395 yesterday, and then retreated sharply from there to around 373. In this trading day's Asian session, it temporarily fluctuated below the 385 line.

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

The quotes released by Huobi.com showed that the price of Bitcoin/ RMB fell sharply on Tuesday, hitting a low of 2755, and then rebounded from that point. It temporarily consolidated around 2785 in the Asian session of the trading day.

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

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

Bitcoin company BTCS has been investing in transaction confirmation business, which has increased 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 13:10 Beijing time on February 24, Bitcoin/USD was 419.73, Bitcoin/Euro was 381.10, and Bitcoin/ RMB was 2784.67.