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As of May 3, 2025, Bitcoin (BTC) is trading at approximately ¥600,470 Chinese Yuan (CNY). This marks a significant increase from its value a year ago, when it was around ¥365,099.21, reflecting a 90.35% appreciation. Over the past month, however, BTC has experienced a decline of approximately 5.9%, down from ¥747,705.20.

Recent Performance

In the last 24 hours, Bitcoin's price has seen a modest increase of 0.1%. Over the past week, the cryptocurrency has appreciated by 1.5%. The 24-hour trading volume stands at ¥168,388,739,204, indicating robust market activity.

Historical Context

Bitcoin's all-time high against the Chinese Yuan was ¥795,690. The current price is approximately 24.5% below this peak. Over the past year, Bitcoin has demonstrated significant volatility, with notable fluctuations in its value against the CNY.

Market Capitalization and Supply

Bitcoin's market capitalization is approximately ¥11,912,878,623,695, with a circulating supply of 19,838,793 BTC. The maximum supply is capped at 21,000,000 BTC, highlighting its scarcity and potential for value appreciation.

Factors Influencing BTC/CNY Exchange Rate

Several factors contribute to the fluctuations in the BTC/CNY exchange rate:

• Global Economic Conditions: Economic policies, inflation rates, and global financial stability can impact investor sentiment towards cryptocurrencies.

• Regulatory Environment: China's regulatory stance on cryptocurrencies has historically influenced Bitcoin's value against the Yuan.

• Market Demand and Supply: The balance between Bitcoin's availability and investor demand plays a crucial role in determining its price.

• Technological Developments: Advancements in blockchain technology and Bitcoin's network can affect its adoption and, consequently, its value.

Conclusion

Bitcoin's performance against the Chinese Yuan over the past year reflects both its potential for high returns and its inherent volatility. Investors should consider these factors, along with the broader economic and regulatory landscape, when evaluating Bitcoin as an investment option.