Data show that Venezuela’s weekly local bitcoin transaction volume has fallen by nearly 50% since February

Coin.Dance data shows that in the week of February 9, 2019, the local Bitcoin transaction volume in Venezuela was about 2,487 bitcoins, while the bitcoin transaction volume in the week of April 27 was only 1,228 bitcoins, which was down. About 51%. Encryption analyst Jose Rafael Pena believes that part of the decline in bitcoin trading may be due to power outages in parts of Venezuela, which may affect bitcoin mining and network connectivity.