BTC/TRY Hits An All Time High

CoinMarketCap reports that the global cryptocurrency market capitalization has decreased by one percent to $2.53 trillion. In the last 24 hours, Bitcoin dropped by about 1 percent, reaching $56,272 US dollars. Last week, Bitcoin fell by 7 percent. Despite recent disappointments in the cryptocurrency, Bitcoin (BTC) hodlers in one country are relieved.

On Nov. 23, TradingView market data confirmed a new record for Bitcoin against the Turkish lira. Erdogan’s efforts to keep interest rates low have resulted in an undeclared currency crisis.