Turkish Lira Plunges Against US Dollar, BTC/TRY Trading Volume Surges Dramatically on Binance

Blockbeats

03-19

BlockBeats News, March 19th, Today, after Ekrem İmamoğlu, the competitor of Turkish President Recep Tayyip Erdoğan and the Mayor of Istanbul, was suddenly arrested, the Turkish Lira (TRY) plunged to a historic low against the US Dollar.

The Lira-to-Dollar exchange rate dropped to a record low of nearly 41, falling 10% in a single day. The volatility led to a sharp increase in trading volume for the Bitcoin-Lira (BTC/TRY) trading pair on Binance.

Data shows that the BTC/TRY trading pair on Binance transacted a total of 93 BTC between 15:00 and 16:00 Beijing time, the highest hourly volume in at least a year. However, after adjusting for the Lira exchange rate, the BTC trading price is still much lower than on Coinbase (COIN).

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The volatility led to a sharp increase in trading volume for the Bitcoin-Lira (BTC/TRY) trading pair on Binance.</p><p>Data shows that the BTC/TRY trading pair on Binance transacted a total of 93 BTC between 15:00 and 16:00 Beijing time, the highest hourly volume in at least a year. However, after adjusting for the Lira exchange rate, the BTC trading price is still much lower than on Coinbase (COIN).</p></div></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.theblockbeats.info//en/flash/286218\">Blockbeats</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09008","symbol_name":"博時比特幣-U","start_time":0,"source_url":"https://www.theblockbeats.info//en/flash/286218","article_id":"2520884841","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520884841","pubTimestamp":1742384580,"columns":[],"sourceInfo":{"source_id":"theblockbeats_live","name":"Blockbeats快讯"},"weMediaInfo":null,"summary":"BlockBeats News, March 19th, Today, after Ekrem mamolu, the competitor of Turkish President Recep Tayyip Erdoan and the Mayor of Istanbul, was suddenly arrested, the Turkish Lira  plunged to a historic low against the US Dollar.The Lira-to-Dollar exchange rate dropped to a record low of nearly 41, falling 10% in a single day. 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