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

  • Alex Dovbnya
    📰 News

    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.
 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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