The value of Turkish currencies is like a roller coaster ride, making the cryptocurrency market popular.
The Turkish lira, lira (lira), has gained nearly 40% since September, causing problems for people and struggling to buy needed goods with high inflation. Falling interest rates have led locals to seek "savings" by switching to currencies like Bitcoin and USDT, according to UK media.
Turkish President Recep Tayyip Erdogan called on the central bank to continue lowering interest rates and lowering rates from September. On December 20, Erdogan announced another bailout, announcing that the government would reimburse depositors for the loss suffered by the devaluation of the pound, finally returning to recover the pound and reclaim the lost ground.
At a time when the lira was soaring, Turkish markets held half the market share, most people were suffering and even buying meat became a problem when prices rose. I give the opportunity to buy at a special price.
A Dec. 21 report from Reuters reported that the gains and losses forced Turks to seek other ways to protect their assets.Cryptocurrency trading is popular, the volume of cryptocurrency exchanges in Turkey reaches over one million per day.
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