
Bitcoin Tops ₺3.9 Million as Turkish Lira Hits Record Low
- —BTC/TRY hit ₺3.99 million on Sept. 19 and traded near ₺3.93 million ($80,550) on Sunday
- —Bitcoin rose 16.6% against the lira in 30 days and roughly 26% since Aug. 19
- —BTC/TRY jumped nearly 6% on Sept. 18, from ₺3.73 million to ₺3.94 million
- —Turkey's central bank kept its one-week repo rate at 37% on Sept. 10; August inflation was 31.51% y/y
Why it matters: The BTC/TRY record reflects both Bitcoin's dollar gains and the lira's slide, reinforcing demand for crypto as an inflation hedge in Turkey.
Source: Yahoo Finance Crypto