Bitcoin hits $49K as BTC price gets unlikely boost from Erdoğan’s Turkish lira tinkering

Bitcoin (BTC) rebounded over 5% on Dec. 21 as a dramatic turnaround in the fortunes of the Turkish lira boosted investors’ confidence. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Wishing on a sentiment flip

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing overnight as the lira shot up as much as 40% against the United States dollar.

The move came as Turkey’s president, Recep Tayyip Erdoğan, announced sweeping measures to protect consumers and…


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