Bitcoin continues to trade at high levels and maintains its recent strength

  Bitcoin prices traded at high levels in the Asian session on Friday (December 25), continuing the strong trend after yesterday's surge.

     The quotes released by BITSTAMP show that Bitcoin/ US dollar (XBT/USD) soared from 442 to 458 yesterday, and continued to fluctuate at a high level around 458 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) soared from around 404 to around 418 yesterday, and continued to trade at a high level of 418 in the Asian session of this trading day.

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

     The quotes released by Huobi.com show that Bitcoin/ CNY soared from around 2920 to 3030 yesterday, and continued to trade around 3030 in the Asian session of this trading day.

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

     On the industry side, a proposal published on the European Parliament website showed that three European Parliament representatives submitted a proposal last month seeking to give member states the power to regulate or even ban Bitcoin activities.

     The bill seeks approval from the European Commission, the European Union’s executive arm, to “allow member states to impose stricter controls on all virtual currency transactions, or even to ban them.”

     The three parliamentary representatives of the bill are Dominique Bilde, Sophie Montel and Florian Philippot, all members of the French National Front.

     At 13:17 Beijing time on December 25, Bitcoin/USD was 457.87, Bitcoin/Euro was 418.09, and Bitcoin/ RMB was 3019.11.