several times this year BTC We witnessed that the price broke a record in TRY parity. The last one happened a few minutes ago. The expected rapid rise occurred after the US data arrived. However, for now, since BTC cannot go beyond $ 72,000, it will be necessary to wait for the record to move higher.
Bitcoin Broke a Record
Rising to 2,471,236 TL a few minutes ago BTC It has long been stalled in the six figures in the local currency. This is related to both the depreciation of TRY on a global scale and the attempt of the BTC price to recover from the bottom for 2 years. Although the record level was broken in the TRY parity, the USD record of $73.777 has not been tested yet.
If $71,500 can be maintained against the USD, there could be more records in local currencies. So what was the reason for today’s rise? JOLTS data was announced and everyone saw that employment could not recover to the desired extent. Like this FedThe fact that ‘s need to act faster on the easing point was thrown into the market’s face before the upcoming Fed meeting.
Moreover, there is very little time left until the US Presidential elections. If Trump wins the elections, it is expected to trigger a serious rise and demand for crypto due to the image he portrays for cryptocurrency investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
