Bitcoin Price Surpasses US$1,250 In Nigeria Amid Surging Naira Value
Bitcoin prices can vary significantly from country to country. Specific regions are subject to paying premium prices, with China being a great example. But Nigeria is warming up to Bitcoin as well, sending prices soaring to unseen levels. Just yesterday, the price per BTC touched US$1,251.18 across Nigerian Bitcoin exchanges. Considering how the average global price was US$725 at that time, such a large cap is rather unusual.
Bitx is one of Nigeria’s most prominent Bitcoin exchanges to date. The platform attracts traders, consumers, and investors from all over the country. Interestingly enough, Bitx cannot provide ample liquidity to accommodate large trades right now. Due to this low liquidity, the price per individual BTC spiked to over US$1,250 yesterday.
http://www.newsbtc.com/2016/11/22/bitcoin-price-surpasses-us1250-nigeria-amid-surging-naira-value/