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Devaluation risk of hryvnia forces Ukrainians to buy Bitcoin

Bitcoin rate is continuing to rise rapidly.

On Wednesday, the cryptocurrency rate surpassed the mark of $800 and reached $813, which had been a record high since December 2013. Bitcoin is in demand against the backdrop of growing risks on the prospects of the economic situation in 2017.

Especially, representatives of countries, whose national currencies are at risk of devaluation and possible imposition of limitations on cash withdrawal of bank deposits, are actively buying up the cryptocurrency.

At the end of last week, Ukrainian users were the most active buyers of the cryptocurrency. This is indicated by data on a volume of transactions in the LocalBitcoins platform. According to the CoinDance’s data, Ukrainian has reached its all-time high peaking at 2,283,083 hryvnias.

It is worth noting that a record level of volume of bitcoin transactions was recorded in Europe, Venezuela, Saudi Arabia and Pakistan.

Source: rusvesna

  • December 23, 2016 12:56 PM MSK
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