Bitcoin Trading Activity Surges to New All-Time High in US

Bitcoin (BTC) trading activity in the US increased by 5.68% and hit a new all-time weekly high almost $29 million trading volume on Localbitcoins and Paxful.

11 June, 2020 | AtoZ Markets – Bitcoin (BTC) trading activity in the US hit a record high of $28.78 million in the first week of June, according to data released by UsefulTulips. In the last seven days, $24.12 million trading volume are recorded on the Paxful exchange and $4.76 million recorded on Localbitcoins exchange in the United States.

BTC Trading Activity Surges in North America

Last week, trading volumes in North America, Middle Eastern/North African only increased, while other regions saw a slight decline in trading volume. BTC trade increased 5% in North American and 15% in the Middle East/North Africa. BTC trade fell 3% in Latin America and 7% in Eastern Europe.

Last week, BTC trading volume was $29.8 million in North America, the second-highest level after May 2018, which was $30.2 million in North America.

Bitcoin Trading Volume in Russia Drops Almost 7.5%

BTC trading volume in Russia drops 7.48% with $8.44 million volume in the past week. Moreover, BTC trading volume has fallen 22% to $8.43 million on the Localbitcoins exchange in the past week.

Russia has traded the most Bitcoins on the Localbitcoins exchange in April and May 2020. Russia accounted for 19% of all BTC trades on Localbitcoins last month. It was also the largest market in April and top trading country in Q1 2020.

Bitcoin is now rallying to the $10,000 level after breaking through the $9,900 mark. Today, BTC reached the intraday high of $9,977. At the press time, BTC has dropped 1.02% and is trading at $9,795.

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