Tuesday, July 5

Bitcoin Price Hits $ 49,000 And Gets An Unlikely Boost Thanks To Erdoğan’s Turkish Lira Wanderings By CoinTelegraph

© Reuters. Bitcoin price hits $ 49,000 and gets an unlikely boost from Erdoğan’s Turkish lira goings-on

The price of (BTC) rallied more than 5% on December 21, as the dramatic turnaround of the Turkish lira boosted investor sentiment.

1-hour candlestick chart of the pair (Bitstamp). Source: TradingViewWishing on a sentiment flip Data from Cointelegraph Markets Pro and TradingView showed that the BTC / USD pair rebounded overnight, as the lira soared as much as 40% against the US dollar.

The move came when Turkish President Recep Tayyip Erdoğan announced comprehensive measures to protect consumers and attract investors in lira. The pair had previously reached all-time highs near 19, half of which had occurred in the past two months.

Read the full article on Cointelegraph

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