Google searches for Bitcoin, the largest cryptocurrency, soared 566 percent in Turkey after the Turkish lira nose-dived 17 percent in just one day, recording its worst drop in almost 20 years.
Advertisement
This came after President Recep Tayyip Erdogan made a controversial decision to remove Naci Agbal, the head of the country's central bank.
After riding high last week because of an interest rate hike, the lira has since reversed its course, shedding all of its gains in the first quarter.
Strategy’s Saylor on BTC Price: $150K in 2025, $21 Million Long-Term
Shiba Inu (SHIB) Trading Volume Near Zero, XRP Sees 100% Surge in User Activity, Tom Lee Shares $3 Million Bitcoin (BTC) Prediction — Crypto News Digest
Ripple Holders Refuse to Sell in $1B Tender Offer
1 Billion RLUSD Now Circulating on XRPL and Ethereum
Mon, 08/13/2018 - 14:42
Bitcoin’s Volatility Looks Tame in Comparison to Under Pressure Turkish Lira
Advertisement
As reported by U.Today, Turkey has been one of the top-ranking countries by Bitcoin adopting due to its long-lasting currency crisis.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team