Bitcoin trades in Kenya up by 32%
bitcoin·@bitset·
0.000 HBDBitcoin trades in Kenya up by 32%
<html> <p> There was a leap of over 30% in Bitcoin trades in Kenya on the peer-to-peer <a href="https://coinkenya.wordpress.com/2016/10/18/top-exchanges-to-buy-and-sell-bitcoins/">exchange</a> <a href="http://localbitcoins.com/">localbitcoins</a> in the first week of 2017. This was after 76 Bitcoins were exchanged within the country in the week ending 7th January 2017. </p> <p><img src="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSR8NosbkFEpcZYXxXgeChP74N1ENF3ruhYsrNEY4a97vsIickpGg" width="154" height="137"/></p> <p>The last week of 2016 (25th December 2016 to 31st December) had recorded a total sum of KES 6,014,117 ($58,700) worth of the cryptocurrency traded in Kenya on the localbitcoins platform. The 32% rise to trade KES 7,973,373 ($77,500) with 16 more Bitcoins exchanging hands (up from the previous week’s KES 6,014,117) would be attributed to the Bitcoin rally that saw the price cross the $1,000 mark on the New Year’s day and go up to highs of $1,140s, a record 3 year high. </p> <p><img src="https://tse2.mm.bing.net/th?id=OIP.Mb252dc17e143852c374e6d3c530e5f79o0&pid=15.1" width="300" height="210"/></p> <p> Most Kenyans who’d learnt of the digital currency as a result of the price spike were trying to get in with the numerous little sums having felt like they missed out on the lower prices while at the same time a number of Bitcoin holders were offloading to cash in on the gains. </p> </html>