The data shows that as the exchange rate of the Brazilian real against the US dollar fell by more than 10%, the local bitcoin transaction volume increased significantly.

The Brazilian exchange Negocie Coins has nearly $1.5 billion in BTC/BRL trading in the past 24 hours, with a bitcoin premium of about $150. Since February, the Brazilian real exchange rate against the US dollar has fallen by more than 10%. The inflation rate is close to 5% and the interest rate is 6.5%. Therefore, Brazilians seem to be turning to Bitcoin. In addition, people's sentiment on Bitcoin has changed, and some people think that the value of Bitcoin may rise. For wealthy Brazilians, buying cryptocurrencies instead of dollars makes sense. Therefore, the article believes that the exchange's trading volume may not be too fake, because Brazil's bitcoin adoption rate has risen for a reason.