Bitcoin (BTC) price broke a new price record in Turkey, Argentina and Nigeria with the rise it experienced this week.
Thanks to its rise this week, Bitcoin reached an all-time high against the Turkish Lira, Argentine Peso and Nigerian Naira.
BTC on local cryptocurrency exchanges during the week over 980,000 liras It went up to . Bitcoin, which gained 16% during the week according to CoinGecko, is trading at approximately $34,100 at the time of writing.
Bitcoin’s new record against the Turkish Lira is due to the depreciation of the lira against the dollar. The dollar broke a record against the lira, reaching 28.31370 during the week.
According to International Monetary Fund data, the annual inflation rate is measured as 51.2% in Turkey, 121.7% in Argentina and 25.1% in Nigeria.
According to the report shared by blockchain analysis firm Chainalysis, these three countries are among the countries where cryptocurrencies are most adopted in the world. Nigeria ranked second on the list, Turkey ranked twelfth, and Argentina ranked fifteenth.