Wednesday, May 31, 2017

Bitcoin Exchange Woes See Almost $50 Mln Pass Through LocalBitcoins

Bitcoin Exchange Woes See Almost $50 Mln Pass Through LocalBitcoins

LocalBitcoins set a new all-time trading high of $45.7 mln last week as Bitcoin almost hit $3,000.

Data compiled by Coin Dance confirms the week ending May 27 was the P2P marketplace’s busiest ever with $45,710,741 changing hands.

Unlike previous records, the latest high was the result of a broad trend across all LocalBitcoins markets as traders rushed to cash in on Bitcoin’s steep climb.

While not yet shown by the statistics, trading likely tailed off equally as steeply through Saturday as prices corrected below $2,000.

Full story at http://bit.ly/2scmPUr

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