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Bitcoin Hits $24,000 In Iran After Government Okays Mining

The world’s most expensive bitcoin core (BTC) price is in Iran. A combination of high foreign currency demand, economic sanctions and an improved regulatory environment.

BTC hit a world record $24,000 on the Iranian exchange EXIR, eclipsing its previous high of $20,000, as investors piled into the digital currency in search of a safe haven against the falling rial.

Bitcoin is the kingpin of the crypto market, without bitcoin the market is nothing hence the price impact is shown there when the price inflates and deflates.

EXIR tweeted that “bitcoin bull markets already started in Iran as real price goes down against USD.” The rial is trading at around 138,000 against the US dollar on the streets of Tehran, according to a Reuters report, about 230 percent above the official rate of around 42,000.

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