Low-level shock trading continues the weak trend after the sharp drop

Bitcoin prices traded at a low level in the Asian session on Thursday (January 14), continuing the downward trend after yesterday's sharp drop.

     The quotes released by BITSTAMP showed that Bitcoin/ US dollar (XBT/USD) fell from above 445 to around 425 yesterday, and traded at the 430 level at the low point of the Asian session this trading day.

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

     The quotes released by KRAKEN show that Bitcoin/ Euro (XBT/EUR) fell from around 413 to 395 yesterday, and the low point of the Asian session this trading day was below 400.

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

     The quotes released by Huobi.com show that Bitcoin/ CNY fell sharply from the 2940 level to around 2720 yesterday, and fluctuated around 2830 in the Asian session of this trading day.

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

     In the industry , Bitcoin news website CoinDesk announced that it has been acquired by Digital Currency Group (DCG). According to internal information obtained by foreign media TechCrunch, the acquisition price is between US$500,000 and US$600,000.

     CoinDesk was founded in 2013 with $2 million in registered capital. In recent months, there have been reports that the company is looking for a buyer with a price range of $800,000 to $1 million.

     Digital Currency Group (DCG) is the current leader in the blockchain/bitcoin industry and has previously invested in CoinDesk.

At 13:11 Beijing time on January 14, Bitcoin/USD was 431.00, Bitcoin/Euro was 398.11, and Bitcoin/ RMB was 2836.22.