Data show: Venezuela's bitcoin trading volume drops significantly in 2019 due to increased U.S. dollar usage

According to Cointelegraph, Venezuela's increased use of the U.S. dollar has led to a decline in the volume of bitcoin transactions through the peer-to-peer trading platform Localbitcoins. The data shows that the BTC trading volume on Localbitcoins in November 2019 dropped by 50% over the same period. In November 2018, an average of about 1050 BTC changed hands every week, and by November 2019, only about 568 BTC changed hands every week.