In the field where digital currency and traditional finance intersect, the BTC and CNY currency pair has attracted considerable attention. BTC, or Bitcoin, is a decentralized digital currency that has gained prominence since its inception in 2009, thanks to blockchain technology. Its total supply is fixed at 21 million coins, and it features anonymity, with transaction records publicly available and permanently stored on the blockchain. CNY, or the Chinese Yuan, is the official currency of China, issued and regulated by the People's Bank of China. It has a relatively stable value and serves as the primary medium of exchange and store of value in domestic economic activities.
As of May 7, 2025, the exchange rate of Bitcoin to the Chinese Yuan is 698,079.66, meaning 1 Bitcoin is equal to 698,079.66 Yuan.
The BTC and CNY currency pair reflects the exchange relationship between digital currencies and fiat currencies. On some compliant digital currency trading platforms, investors can trade using this currency pair, such as buying Bitcoin with Yuan in hopes of profit from appreciation or selling Bitcoin for Yuan to avoid the risk of price decline. However, due to the extreme volatility of Bitcoin prices, on May 5, 2025, its price against the Chinese Yuan peaked at around 700,300 Yuan and dropped to about 681,400 Yuan, with the day's price being approximately 683,600 Yuan. In contrast, the exchange rate of the Chinese Yuan is relatively stable and influenced by national macroeconomic regulation. Investors participating in BTC and CNY currency pair trading should carefully assess risks and closely monitor market dynamics.