1 thought on “Firecoin observation: Does the Turkish central bank's ban have a greater impact on Bitcoin?”
Rickey
The release of this ban is related to Turkey's monetary policy. In mid -March, the President of Turkey suddenly fired NACI Agbal, the former central bank governor, and the new Turkish central bank governor Sahap Kavcioglu changed the predecessor's eagle style to maintain key interest rates at 19%. At the same time, it did not reiterate the promise of last month, that is, " If necessary, you will further tighten monetary policy. " This makes more and more people in the industry and Turkish people worry that the lira exchange rate may fall further, and the country's malignant inflation will become more difficult to curb. As a result, the Turkish folk quickly scratched the boom of lira to cryptocurrency, which undoubtedly further increased the downlink pressure of lira.
In the data of the company according to the blockchain analysis company, after the former central bank governor was fired, the cryptocurrency transaction volume of the Turkish market continued to soar. From early February to the end of March, cryptocurrency trading volume reached 218 billion miles, while only 7 billion miles in the same period in 2020. Among them, on March 20th to 24th, which caused the turbulence of the Turkish market in Agbal, the domestic cryptocurrency transaction volume of Turkey was as high as 23 billion miles in just a few days.
At present, Turkey's largest cryptocurrency exchange BTCTURK has more than 1 million users trading on the platform. The country's domestic enthusiasm for cryptocurrencies has even spread to the football field. BTCTURK has now become the main sponsor of Turkey men's and women's football. And the Great Tourbesare and Tellabong have launched fan tokens, such as Besictas and Fernebache, such as Turkham, have originally intended to follow suit this year.
This Huo Coin Studyransma believes that Turkey's currency problem is a problem left over historical. Now the rise of digital assets makes Turkey face the risk of a large amount of capital outflow. This will be further weakened in turn, which is also an important reason for the Turkish central bank to issue a Bitcoin ban. However, from the actual situation, if Turkey cannot prohibit the malignant inflation in the lira, the transaction demand for cryptocurrencies will continue to increase, but it may change from the exchanges to off -site transactions. Because of the characteristics of the point -to -point payment of cryptocurrencies, even if folk spontaneous use of cryptocurrencies, the Turkish central bank does not have the power to prohibit, and it may even be difficult for the Turkish judicial department to implement the ban itself. In the end, this ban may become a paper. If this ban on the Bitcoin, the price of Bitcoin will be suppressed in the short term, but in the long run, this ban may promote more Turks to buy Bitcoin.
The BTC fell sharply during the day, and the transaction volume was significantly enlarged
According to the data of Huobi trading platform, BTC continued to fall within day, and the lowest at the lowest at the lowest at 60384.69USDT. The transaction volume is significantly enlarged. In terms of one -hour level, the empty force of the daytime empty side fell below the lower edge support position of the high -level shock interval, and fell to the upper line of 60800 in the upper horizontal range. From the perspective of the daily level, BTC ushered in three consecutive yin, and the anti -package increased a few days ago. In the evening, continue to pay attention to the continuation of the decline and the support of the 60,000 points below.
In data according to Huobi trading platform, ETH continues to fall in daily, and the lowest current is as low as 361.17USDT, and the transaction volume is significantly enlarged. In terms of one -hour level, the empty side broke twice during the day, falling below the lower edge of the early high -level shock range, and the upper line of the early shock interval was supported by a certain support. From the perspective of the daily level, ETH fell slightly today, basically the 1/2 of the increase of yesterday. In the evening, continue to pay attention to the continuation of the decline and the support of 2340 below.
The big data of Huobi Contract shows that the volume of BTC contracts is relatively stable, contract transaction volume rises slightly, and the contract market is active. The basis of the intercourse contract rose slightly.
ETH contracts have relatively stable positions, contract transactions rose slightly, and the contract market is active. The difference between the basis of the delivery contract drops slightly.
The quotation of USDT at the OTC market of Huobi Global Station is 6.72 yuan.
In data monitoring of Huobi Research House, the relatively stable Defi locking volume (TVL) today reached 94.60 billion US dollars, and the relatively stable real lock volume reached 67.54 billion US dollars. Among them, Venus increased significantly to 17.59%. The total trading volume of Defi today rose slightly to $ 4.34 billion. Among them, CURVE rose greater to 114.35%.
The release of this ban is related to Turkey's monetary policy. In mid -March, the President of Turkey suddenly fired NACI Agbal, the former central bank governor, and the new Turkish central bank governor Sahap Kavcioglu changed the predecessor's eagle style to maintain key interest rates at 19%. At the same time, it did not reiterate the promise of last month, that is, " If necessary, you will further tighten monetary policy. " This makes more and more people in the industry and Turkish people worry that the lira exchange rate may fall further, and the country's malignant inflation will become more difficult to curb. As a result, the Turkish folk quickly scratched the boom of lira to cryptocurrency, which undoubtedly further increased the downlink pressure of lira.
In the data of the company according to the blockchain analysis company, after the former central bank governor was fired, the cryptocurrency transaction volume of the Turkish market continued to soar. From early February to the end of March, cryptocurrency trading volume reached 218 billion miles, while only 7 billion miles in the same period in 2020. Among them, on March 20th to 24th, which caused the turbulence of the Turkish market in Agbal, the domestic cryptocurrency transaction volume of Turkey was as high as 23 billion miles in just a few days.
At present, Turkey's largest cryptocurrency exchange BTCTURK has more than 1 million users trading on the platform. The country's domestic enthusiasm for cryptocurrencies has even spread to the football field. BTCTURK has now become the main sponsor of Turkey men's and women's football. And the Great Tourbesare and Tellabong have launched fan tokens, such as Besictas and Fernebache, such as Turkham, have originally intended to follow suit this year.
This Huo Coin Studyransma believes that Turkey's currency problem is a problem left over historical. Now the rise of digital assets makes Turkey face the risk of a large amount of capital outflow. This will be further weakened in turn, which is also an important reason for the Turkish central bank to issue a Bitcoin ban. However, from the actual situation, if Turkey cannot prohibit the malignant inflation in the lira, the transaction demand for cryptocurrencies will continue to increase, but it may change from the exchanges to off -site transactions. Because of the characteristics of the point -to -point payment of cryptocurrencies, even if folk spontaneous use of cryptocurrencies, the Turkish central bank does not have the power to prohibit, and it may even be difficult for the Turkish judicial department to implement the ban itself. In the end, this ban may become a paper. If this ban on the Bitcoin, the price of Bitcoin will be suppressed in the short term, but in the long run, this ban may promote more Turks to buy Bitcoin.
The BTC fell sharply during the day, and the transaction volume was significantly enlarged
According to the data of Huobi trading platform, BTC continued to fall within day, and the lowest at the lowest at the lowest at 60384.69USDT. The transaction volume is significantly enlarged. In terms of one -hour level, the empty force of the daytime empty side fell below the lower edge support position of the high -level shock interval, and fell to the upper line of 60800 in the upper horizontal range. From the perspective of the daily level, BTC ushered in three consecutive yin, and the anti -package increased a few days ago. In the evening, continue to pay attention to the continuation of the decline and the support of the 60,000 points below.
In data according to Huobi trading platform, ETH continues to fall in daily, and the lowest current is as low as 361.17USDT, and the transaction volume is significantly enlarged. In terms of one -hour level, the empty side broke twice during the day, falling below the lower edge of the early high -level shock range, and the upper line of the early shock interval was supported by a certain support. From the perspective of the daily level, ETH fell slightly today, basically the 1/2 of the increase of yesterday. In the evening, continue to pay attention to the continuation of the decline and the support of 2340 below.
The big data of Huobi Contract shows that the volume of BTC contracts is relatively stable, contract transaction volume rises slightly, and the contract market is active. The basis of the intercourse contract rose slightly.
ETH contracts have relatively stable positions, contract transactions rose slightly, and the contract market is active. The difference between the basis of the delivery contract drops slightly.
The quotation of USDT at the OTC market of Huobi Global Station is 6.72 yuan.
In data monitoring of Huobi Research House, the relatively stable Defi locking volume (TVL) today reached 94.60 billion US dollars, and the relatively stable real lock volume reached 67.54 billion US dollars. Among them, Venus increased significantly to 17.59%. The total trading volume of Defi today rose slightly to $ 4.34 billion. Among them, CURVE rose greater to 114.35%.