Categories: CryptoNews

LocalBitcoins Volume Spikes In Australasia and Scandinavia

Bitcoin has always been a global phenomenon, and it is interesting to find out where the growing interest is coming from. LocalBitcoins charts are always a valuable source of information in this regard. Albeit the Brexit may not have the expected effect, severals regions around the world are showing trading peaks in recent weeks.

Everybody Wants Some Bitcoin These Days

New Zealand is one of the surprises when it comes to Bitcoin trading volume as of late. The Brexit affects this region as well, as it is remotely-ruled by the British Crown. Over the past few weeks, the Bitcoin trading volume has gone up tremendously. Just last week, the volume surpassed 130,000 NZD for the first time. Quite an interesting development to keep an eye on for sure.

The United Kingdom has been rather quiet on the Bitcoin front as of late, despite the trading volume still growing. No significant spikes were noted, albeit many experts assumed there would be. The way things stand right now, the country is well on track to reach 1.5m GBP in weekly LocalBitcoins volume moving forward.

Over in Scandinavia, on the other hand, Bitcoin seems to become a hot commodity as of late. Sweden is seeing a spike in trading volume on LocalBitcoins, surpassing the 2,4m Swedish Krona mark for the second time in a month. Looking at the charts, it is clear the demand for Bitcoin has been steadily increasing month over month.

Related Post

A bigger trend can be noted in Norway, where LocalBitcoins seems to be hitting it off all of a sudden. The weekly Bitcoin trading volume has nearly doubled in the past three weeks, albeit there is no clear indication as to why this is. The country does seem to be for going cashless, which may have something to do with it.

Denmark saw a massive spike two weeks ago as well, albeit things have quieted down ever since. A sudden jump in trading volume from 22,000 DKK to nearly 100,000 DKK was rather unexpected. This also goes to show it doesn’t take that much money to shake up the local Bitcoin market in this country.

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

9 hours ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

9 hours ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

10 hours ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

10 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

14 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

14 hours ago