Bitcoin Trading Soars As Local Currencies Falter

Bitcoin has broken its all-time high against the Argentine Peso, Turkish Lira and Brazilian Real - with bitcoin rising over 169%, 20% and 5% against the respective fiat currencies compared to the Dec'17 ATH.

The observation however, was attributed more to the troubled state of these countries's currency rather than increased local bitcoin adoption.

Argentina and Brazil, in particular, saw a surge in local P2P trades likely due to the populace seeking to hedge against falling local currency price.

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https://decrypt.co/38238/bitcoin-trading-soars-argentina-brazil-local-currencies-weaken?