$BTC has reached all-time high prices in Turkey and Nigeria due to declining national fiat currencies and economic instability. Despite $BTC trading 50% below its peak in U.S. dollar terms, recent price surges have caused Bitcoin to surpass previous price records against the Turkish lira and the Nigerian naira.

As of the latest data, Bitcoin traded at 9.6 million Turkish lira (TRY) and 27.4 million Nigerian naira (NGN), reflecting monthly gains of up to 30% in local currency terms. This trend is driven by factors such as high inflation and economic uncertainty in these countries, which lead many residents to turn to cryptocurrencies like Bitcoin as a store of value and a means of preserving their wealth.