Latest reporting out of Washington appear to signal no deal struck between the Trump administration and the government of Turkey, potentially deepening an already fragile financial situation.
The relationship between Turkey and the United States continues to strain over unfulfilled demands.
US President Donald Trump responds, 'There will be no concessions', and threatens even more sanctions against Turkey.
Due to this, Turkish lira is now down to 40% against the US dollar, and inflation is already at the brink of hyperinflation. Turks are now speedily retreating to Bitcoin. The surge in activities on exchanges such as LocalBitcoins is an evidence of this. People are now having a new means to exit economic uncertainties happening within their nation, without actually physically leaving it. And this exit is through the medium of cryptocurrency.