PANews reported on March 19 that according to CoinDesk, after the arrest of Ekrem Imamoglu, the mayor of Istanbul and rival of President Erdogan, the Turkish lira fell to a record low against the US dollar, plummeting by nearly 10%. This incident led to a surge in Bitcoin-Lira (BTC/TRY) trading volume on the Binance platform. Between 7:00 and 8:00 UTC on March 19, 2025, BTC/TRY trading volume reached 93 BTC, the highest level in at least a year.
Turkey's lira plunge sparks surge in Bitcoin-lira trading
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