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Markets and prices
According to Coin.dance, the first week of September was the weakest ever recorded for global peer-to-peer (P2P) volume trading on Localbitcoin. The considerable slowdown in trading activity seems to have pervaded the majority of local markets, with only half a dozen national markets registering a volume comparable to trading activity in recent weeks.
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Record Drop in BTC number exchanged on Localbitcoins
The Coin.dance data states that only 864 BTCs were traded during the week September 8th on Localbitcoins – the lowest ever recorded in the five and a half years when the company compiled the data during the BTC measurement.
Up to now, the lowest week recorded by Coin.dance was the first in which has started to publish data for the trading volume of Localbitcoins, which saw 1,995 trades of BTC during the week of March 16, 2013. [19659010] P2P Markets Report: BTC record record for trading volume Localbitcoins "width =" 696 " height = "212" srcset = "https://news.bitcoin.com/wp-content/uploads/2018/09/coin-dance-localbitcoins-ALL-volume-4-1024×312.jpg 1024w, https: // news .bitcoin.com / wp-content / uploads / 2018/09 / coin-dance-localbitcoins-ALL-volume-4-300×91.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/ 09 / coin-dance-localbitcoins-ALL-volume-4-768×234.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/09/coin-dance-localbitcoins-ALL-volume-4 -696×212.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/09 /coin-dance-localbitcoins-ALL-volume-4-1392×424.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/09/coin-dance-localbitcoins-ALL-volume-4- 1068×325.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2018/09/coin-dance-localbitcoins-ALL-volume-4-1380×420.jpg 1380w "sizes =" (max-width: 696px) 100vw, 696px "/>
When measured in USD, the week of September 8 includes the 7 days of weakest trading on Localbitcoin since 31 January 2015 – which saw a change in the value of $ 5.871 million BTC, equivalent to 24.785 BTC of trade
Most of the major local post markets decline dramatically in the volume of trade
If the current data is accurate, most Localbitcoin local markets saw a drastic fall in the number of BTCs traded during the last week.
Of the 48 fiat currencies traded on Localbitcoin which are monitored by coin.dance, only 6 P2P markets – those of Croatia, the Czech Republic, Iran, Morocco, Poland and Venezuela – recorded a volume trading volume for September 8, 2018 which is comparable to the volume of the last weeks.
Transversally, the Localbitcoins markets of Argentina, Australia, Brazil, Canada, Chile, China, Colombia, Denmark, Dominican Republic, Egypt, Europe, Hong Kong, Hungary, India, Indonesia, Japan, Kazakhstan, Kenya, Malaysia, Mexico , New Zealand, Nigeria, Norway, Pakistan, Peru, Philippines, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Sweden, Switzerland, Tanzania, Thailand, Turkey, Ukraine, United Arab Emirates, United Kingdom, States The United States and Vietnam appear to have suffered sharp reductions in the volume of P2P trade.
What is your response to the decline of BTC trading on Localbitcoins? Share your thoughts in the comments section below
Images courtesy of Shutterstock, Coin.dance
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