Bitcoin Price Dropped 99% Last Night on Binance TR, Here’s Why

An unusual event occurred on Binance TR, the Turkish branch of the cryptocurrency exchange Binance, during yesterday's major cryptocurrency ￰0￱ yesterday's drop in Bitcoin's Turkish Lira pair, BTC/TRY, the price momentarily dropped to 51,600 Turkish ￰1￱ means that the price, which was hovering around 4.9 million Turkish Lira at the time, lost approximately 99% of its value in a very short ￰2￱ unusual event is likely attributed to the lack of liquidity in the Turkish Lira pair and the sudden liquidation of ￰3￱ showing that the price of Bitcoin momentarily dropped to 51,000 lira against the Turkish ￰4￱ News: Binance Announces Possible Compensation for Those Who Suffered Losses in These 3 Altcoins During Yesterday's Major Crash The last time the BTC price in Turkish Lira was traded on Binance TR was at 51,000 TL in April ￰5￱ subsequently reached its current levels due to both the rise in the dollar exchange rate and the explosive rise in the BTC ￰6￱ price of Bitcoin broke its all-time high this week at ₺5,252,196 in Turkish ￰7￱ is currently trading at ₺4,750,283.

Yesterday's price drop came after Donald Trump announced 100% tariffs on ￰8￱ traditional financial markets and the cryptocurrency market experienced significant declines following this event. *This is not investment ￰9￱ Reading: Bitcoin Price Dropped 99% Last Night on Binance TR, Here’s Why