Bitcoin hits $49K as BTC price gets unlikely boost from Erdoğan’s Turkish lira tinkering

Bitcoin (BTC) rebounded over 5% on Dec. 21 as a dramatic turnaround in the fortunes of the Turkish lira boosted investors’ confidence. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wishing on a sentiment flip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing overnight as the lira shot up as much as 40% against the […]
Bitcoin wobbles below $46K as 1 BTC passes 800K Turkish lira for the first time

Bitcoin (BTC) fell over 5% from local highs through Dec. 20 as macro tensions persisted into the new week. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Brace for volatile end to 2021 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it fell back below $46,000 overnight on Sunday, reaching lows of $45,787 on […]
‘We are at war’ with crypto, says Turkish President Erdoğan

Turkey is eager to become a blockchain hub as a country with one leg in Europe and another in Asia. However, the same passion doesn’t apply to cryptocurrencies, as Turkish President Recep Tayyib Erdoğan reiterated recently. Erdoğan hosted a question-and-answer event in Mersin, Turkey with youth from across the country. An attendant referred to the […]
Bitcoin caught in the crossfire as Turkish opposition leader voices support

Shortly after a Friday morning “diktat” from Turkey’s freshly-appointed central bank governor that effectively banned any and all use of cryptocurrency in the country, Bitcoin now appears caught in a partisan dustup as a Turkish opposition party leader has voiced support for the digital currency. As reported by Cointelegraph, Turkey’s central bank announced this morning […]