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Critical move from the Central Bank of the Republic of Turkey has been announced. The policy rate was decreased from 39.5% to 38%. Could this step signify a new phase in the fight against inflation?
So how will this decision reflect on the markets? Will the rate cut increase pressure on the lira? On the other hand, risk appetite among investors may change. As capital movements reshape, crypto assets could also be affected by these fluctuations.
The upcoming actions by TCMB will be decisive. Every change in macroeconomic balances triggers interest in alternative investment tools.
I'll laugh if the lira keeps falling. Who will be the one to buy the dip in crypto then?
38% is still too high. If this continues, stablecoins might be the way to go.
This time, the retail investors are probably going to be harvested again. The lira is under pressure, and the crypto circle is following suit with bottom-fishing tricks. I bet five cents that project teams will run next week
Central bank easing = crypto prices soaring? Dream on, on-chain data is dead, and they're still bragging
Lira still has to continue plummeting; this situation has been obvious for a while.