07/08/19 10:00 UTC-4

Bitcoin trading volume in Venezuela reaches historic high

CryptocurrencyVenezuela: Bitcoin trading volume peaked
Venezuela: Bitcoin trading volume peaked

Statistical analysis showed that the exchange of Venezuelan bolivars for bitcoins reached a record high at the beginning of this week.

 

BTC TradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
Volume in Venezuela

The latest Bitcoin news showed that over the past 24 hours the cryptocurrency has fallen 1.95% to $ 11,628. But despite this, the volume of Bitcoin trading on the LocalBitcoins p2p platform in Venezuela has beaten historical record for the last week.

Thus, during this period, Venezuelans exchanged about 68 billion bolivars for Bitcoins, exceeding the previous record of 58 billion recorded last month.

During the first few months of 2019, the Venezuelan bolívar experienced a period of severe hyperinflation, and the International Monetary Fund (IMF) predicts that during the fiscal year, inflation will rise from 1 to 10 000 000 percent.

Trading in Bitcoin in Venezuela showed a historic maximum. Recall, on August 6, the value of the first cryptocurrency, Bitcoin, rose to 12171 US dollars.

Editor: Godfrid Brower

See also: "An official city cryptocurrency will be released in Seoul"

#bidding #Bitcoin Venezuela #maximum

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