While these currencies were losing their purchasing power, the price of Bitcoin roughly doubled.
When measuring some of these currencies, the difference becomes even more extreme:
BTC in Turkish lira: +1,013.5% BTC in Argentine peso: +2,933.6%
That’s why currency weakness matters in the crypto world.
When people watch their savings lose value year after year, they start looking elsewhere to put their money.
Cryptocurrencies become one of these alternatives.
And the amount of idle money in global currencies and financial assets is measured in the tens of trillions.
Even a small shift away from weak currencies and into cryptocurrencies can bring a huge amount of new liquidity to the market, pushing the cryptocurrency market higher.
Bitcoin breaks through $86,000, a level not seen since January this year.
The rise $BTC has led to the liquidation of approximately $576 million in short positions over the past 12 hours, and an astonishing $740 million over the past day.
Latest News: 🇰🇷 Bank of Korea launched a pilot program to settle maritime won transactions around the clock with four local banks, aiming for full operation in January 2027.
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