459 Million Bitcoins: Exchange Volume Reached Peak Levels in Q4
The fourth quarter of 2016 was a volatile period for the price of bitcoin, as speculation climbed to new heights and exchange-traded volume reached peak levels, according to data provider Bitcoinity. Even before bitcoin approached $1,000 at the end of Q4, a record 114m bitcoins were exchanged in the month of October alone. The record was shattered in the following month with 175m bitcoins traded in November, followed by a slight downtick in December with 170m bitcoins exchanging hands. Exchange-traded volume for bitcoin experienced a 275% quarter-over-quarter increase to 459 million....
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