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Venezuela Traded More Bitcoin Than Ever Before In October

From bitcoinist.com

According to data from monitoring resource Coin Dance, despite continued volatility in the country’s dubious redenominated currency the Sovereign Bolivar, trade volumes for the seven days ending November 3 still beat all previous highs. In total, 1075 BTC ($7 million) changed hands on P2P trading platform Localbitcoins alone, 10 BTC more than the record set two weeks prior. In bolivar terms, the number easily swept all previous totals off the chart, coming in at 1.6 billion VES. Two weeks ago, the figure stood at 1.1 billion. The causes behind the latest spike appear to be multiple. As Bitcoinist reported, a ... (full story)

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  • Category: Fundamental Analysis