Rising historical volatility implies prices have been moving more than usual. Assets with high volatility readings are considered risky investments, which means the lira, a sovereign currency, is now riskier than bitcoin, a cryptocurrency created and distributed on a peer-to-peer basis and often criticized for being unreliable as a medium of exchange and store of value due to … [Read more...] about Turkish Lira Is Now More Volatile Than Bitcoin
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Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles
“The data shows despite the instability faced by the lira, local traders are still attracted to the exceptional returns associated with coins such as SHIB,” Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, said in an email. CoinDesk reached out to BTCTurk, one of a handful of local exchanges offering lira-BTC trades for comment, but … [Read more...] about Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles
Bitcoin Google searches spike 5x in Turkey, while the Lira falls 15%
News › Bitcoin › Turkey › Adoption The currency tumbled this morning, following a backlash from investors after President Erdogan fired the central bank governor. José Oramas · March 22, 2021 at 7:34 pm UTC · 2 min read Google searches for Bitcoin soared today in Turkey, surging 566% in Google Trends after the Turkish Lira plunged 15%.A strong reaction from investorsOver … [Read more...] about Bitcoin Google searches spike 5x in Turkey, while the Lira falls 15%
Bitcoin searches in Turkey spike 566% after Turkish lira drops 14%
Google searches for Bitcoin (BTC) emanating from Turkey exploded in the past 24 hours, after the value of the Turkish lira dropped 14% following the firing of a central bank governor. According to data from Google Trends, the number of searches for Bitcoin spiked 566% in the hours immediately following news of the lira’s demise. Bitcoin searches from Turkey over 24 hours. … [Read more...] about Bitcoin searches in Turkey spike 566% after Turkish lira drops 14%