The Turkish lira has plummeted to a record low amid the arrest of opposition leader Ekrem Imamoglu, prompting significant trading activity on cryptocurrency platforms. The news has led to a surge in trading volume for Bitcoin against the Turkish lira (BTC-TRY) on Binance, as investors react to the economic instability and political turbulence resulting from Imamoglu's detention. Analysts suggest that the lira's decline reflects ongoing economic challenges in Turkey, including inflation and lack of confidence in the government's financial management. The spike in BTC-TRY volumes indicates a growing interest in cryptocurrency as an alternative to the faltering national currency, highlighting a potential trend of increasing adoption of digital assets in times of economic crisis.

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