The United States has experienced its biggest jump in bitcoin volume over the last week at LocalBitcoins. More than $ 31.5 M value of BTC was traded on the platform as the bitcoin price appears to test the $ 4,000 resistance level next.
ATH USD Trading volume on LocalBitcoins
Data from Mdtdans shows that the USD trading volume on the popular over-the-counter bitcoin trading platform LocalBitcoins has reached its full time high.
For the week ending February 16, so LocalBitcoins saw traders exchanged more than $ 31
LocalBitcoins is a peer-to-peer (P2P), which allows users to create and accept private sale of bitcoin for fiat currency and vice versa.
Bitcoinist reported that Indonesia has also seen a wave in Bitcoin through the platform.
Bitcoin Price Eyes $ 4000
After registering the values on the USD volume traded on LocalBitcoins, the price of the crypto course has also marked a noticeable increase.
At the time of this, Bitcoin (BTC) wrote 0 0 has managed to get over 8p
As Bitcoinist reported, the price should be able to break against The $ 4000 level, this would show an Adam and Eve bottom pattern that could allow a further surge of price against $ 5,000.
It is worth noting that Bitcoin is not the only crypto competition that is doing well over the weekend. In fact, the entire market has marked a significant increase.
Data from CoinMarketiCap shows that the market over the past few days has managed to reach $ 10 billion in capitalization, an increase of about 19 percent.
Ethereum (ETH) 0 0 has also made remarkable gains as spearhead the current cryptocurrency rally. This allowed it to regain its place as the second largest crypto rate in terms of market capitalization, unseen Ripple (XRP) 0 0 .
What do you think of the increase in USD volume on LocalBitcoins? Don't hesitate to let us know in the comments below!
Pictures with the Law of Coin.Dance