Bitcoin is under pressure again in the Asian session, continuing its recent volatility and decline

Bitcoin prices came under pressure again in the Asian session on Monday (November 23), continuing the recent volatile decline.

The quotes released by BITSTAMP show that Bitcoin/US dollar (XBT/USD) fell from the 326 level to below 321 yesterday. Although it rebounded to the 325 level afterwards, it fell back to around 321 in the Asian session of 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 308 to below 303 yesterday. Although it rebounded to above 307, it fell back below 304 again 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/ RMB ( 6.3894 , 0.0059 , 0.09% ) fell from the 2110 level to around 2056 yesterday. Although it then rebounded to the 2090 level, it fell again to the 2070 level in the Asian session of this trading day.

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

In the industry, Coinbase and Shift payment platform jointly launched a Visa card that can store Bitcoin. When users need to swipe the card for consumption, the required Bitcoin can be automatically converted into US dollars for consumption.

It is reported that the cost of obtaining the Visa card is $10. Currently, Coinbase does not charge any transaction fees. However, Coinbase also stated that in the future, a small fee will be charged for converting Bitcoin into US dollars. In the future, the withdrawal fee will be $2.5, and the international transfer fee will be 3% of the amount.

     At 13:14 Beijing time on November 23, Bitcoin/USD was 321.58, Bitcoin/Euro was 303.85, and Bitcoin/RMB was 2071.50.