Alex Morris

Turkish Lira Rebounds After Wild Week Causing Bitcoin Trading Volume to Drop

The Turkish Lira is finally showing signs of the recovery, gaining more than 32% against the BTC price. It has also experienced a pronounced 2.5% surge
Turkish Lira Rebounds After Wild Week Causing Bitcoin Trading Volume to Drop

The Turkish Lira, after witnessing a major blow-off last week, is finally showing signs of recovery, gaining more than 32 percent against the BTC price. It has also experienced a pronounced 2.5 percent surge in the middle of a trade war with President Trump.

The Lira reignited interest in the run-up to a highly anticipated conference between the country’s finance minister and investors from all over the globe. Before that, the beleaguered currency gained traction after the $15 bln Qatar loan that was received by Turkey for developing the country’s banking sector.
 

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