The price of Bitcoin against RMB hits a new record high and may continue to rise in the future

According to the news from Dazhihui Astock News Agency on November 29, the price of Bitcoin against RMB rose strongly on Friday, setting a new record high. At 14:55 Beijing time, the price of 1 Bitcoin on the BTC China trading platform was 7,388.07 RMB, an increase of 590.07 RMB from the closing price of the previous trading day on the platform. The previous high was 6,989 RMB on November 19. The current price fluctuation range today is 6,600-7,499 RMB.

Among the active Bitcoin traders, Mr. Huang, who goes by the username "BTC", told Dazhihui News Agency that he is bullish on the trend of Bitcoin. Another Mr. Huang from Hunan believes that in the short term, the price of Bitcoin still has a lot of room to rise, but the higher it goes, the greater the downward pressure. If bad news breaks out, it will cause a sharp drop in prices, so be wary of such risks.

A senior Bitcoin trader with the online name "Zhuge Xiaoliang" also warned that there is a risk of market manipulation in the Bitcoin market, but he is optimistic about the future of its altcoin Litecoin (LTC). "The value of Litecoin is underestimated. The market of Litecoin should have a good trend after the Litecoin mining machine comes out. But the prerequisite is that the market of Bitcoin is good."

The current price of Litecoin against RMB is 295.1 yuan, down more than 6% from the previous trading day's closing price of 316 yuan. Litecoin against the US dollar is currently trading at 38.9 US dollars.

The price of Bitcoin denominated in US dollars also hit an all-time high. On Mtgox, 1 Bitcoin is currently trading at $1,196.99, and its highest point reached $1,242.