Today news
About the same in other media
Bitcoin hits new all-time high in Turkey as fiat currency lira goes into freefall
Reading now: 895
Bitcoin (BTC) has frustrated investors with its recent price correction, but in one country, BTC hodlers have never been more relieved.
Market data from TradingView on Nov. 23 confirmed that Bitcoin has hit new all-time highs against the Turkish lira.
Turkey is unofficially battling a currency crisis as President Recep Tayyip Erdogan pushes to keep interest rates low.
The result has been the de facto collapse of the lira's exchange rate, with USD/TRY gaining 14% on Tuesday alone to pass 13 for the first time.
While Turks witness their purchasing power decline in real time, those with a BTC allocation can arguably see the benefits of hard money more clearly than ever.
BTC/TRY reached 723,329 on Binance Tuesday, the latest in a series of all-time
Read more on cointelegraph.comAbout this in other media
DeFi TVL hits new highs while Metaverse tokens show signs of exhaustion cointelegraph.com /2 years ago
BAT price hits new high after 30% daily rally as Basic Attention Token bucks crypto downtrend cointelegraph.com /2 years ago
Bitcoin hits 6-week lows in hours as 24-hour crypto liquidations near $650M cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
