Bitcoin price fluctuates and still has half of its gains

Bitcoin prices fluctuated in the Asian session on Wednesday (September 9). After rising and falling yesterday, half of the gains were still retained.

The quotes released by BITSTAMP show that Bitcoin/US dollar (XBT/USD) rose from 240 to above 246 yesterday, and then fell back to around 242. The Asian session of this trading day was volatile, and the long and short positions were competing around the 244 line.

According to the quotes published by KRAKEN, Bitcoin/Euro (XBT/EUR) rose from below 215 to above 220 yesterday, and then fell back to 217. It fluctuated in the Asian session this trading day and is now trading around 218.

On the industry front, UBS is reportedly developing a prototype virtual currency that it hopes to make available to banks and financial institutions.

This virtual currency will use block chain technology to facilitate transactions for institutional financial platforms, and block chain is the core technology used by Bitcoin.

However, the virtual currency is different from Bitcoin in that UBS is proposing a utility settlement coin that aims to combine real currency with central bank accounts.