CandleFocus Russia sees 8% rise in crypto exchange traffic as Bitcoin price climbs, telecom giant says
2024-11-28
Author: Content Editor
The price increase of Bitcoin and new crypto mining regulations in Russia have led to an 8% surge in internet traffic to major crypto exchanges in the country, according to telecommunications company MegaFon. This increase reflects a global trend, with web traffic to the top 20 crypto exchanges also rising by 8% to 10% in November compared to October. Bitcoin's price rose by over 45% in November, sparking interest in the crypto market worldwide. Platforms like Deribit saw a significant increase in traffic, while others such as Gate.io experienced declines. The new crypto mining law in Russia, which came into effect on November 1, may also be driving the growing interest in the market.
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