Bitcoin price trades at high level in Asian session, continuing strong performance

     Bitcoin prices traded at high levels in the Asian session on Thursday (January 21), continuing their strong performance after yesterday's sharp rebound.

     The quotes released by BITSTAMP show that Bitcoin/ US dollar (XBT/USD) rebounded sharply from below 380 to 410 yesterday, and continued to trade at a high level around 420 in the Asian session of this trading day.

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

     The quotes released by KRAKEN showed that Bitcoin/ Euro (XBT/EUR) rose sharply from around 350 to 380 yesterday, and traded at a high of around 390 on this trading day.

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

     The quotes released by Huobi.com showed that Bitcoin/ CNY soared from around 2540 to 2785 yesterday, and traded at the 2830 level at the high point of the Asian session this trading day.

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

     In terms of industry , the China Central Bank Digital Currency Seminar was held in Beijing on Wednesday (January 20). Digital currency research experts from the People's Bank of China, Citibank and Deloitte discussed and exchanged views on topics such as the overall framework for digital currency issuance, national digital currency in the evolution of currency, and nationally issued cryptocurrencies. Zhou Xiaochuan, governor of the People's Bank of China, attended the meeting.

     The meeting believes that under the current new normal of China's economy, exploring the issuance of digital currency by the central bank has positive practical significance and far-reaching historical significance. Issuing digital currency can reduce the high cost of issuing and circulating traditional paper currency, improve the convenience and transparency of economic transaction activities, reduce illegal and criminal activities such as money laundering and tax evasion, enhance the central bank's control over money supply and circulation, better support economic and social development, and help achieve comprehensive inclusive finance .

     The meeting required that the People's Bank of China's digital currency research team should actively absorb important results and practical experience from digital currency research at home and abroad, continue to advance on the basis of previous work, establish a more effective organizational guarantee mechanism, further clarify the strategic goals of the central bank's issuance of digital currency, do a good job in key technology research, study the multi-scenario application of digital currency, and strive to launch the central bank's digital currency as soon as possible.

     At 11:40 Beijing time on January 21, Bitcoin/USD was 417.85, Bitcoin/Euro was 386.05, and Bitcoin/ RMB was 2816.00.