The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120BtC.coM): The price of Bitcoin has fluctuated after soaring to between US$42,000 recently, but it still needs an increase of more than 64% from the historical high of US$69,000 in November 2021. It is worth noting that in some cases Countries, fiat currencies have been trading against Bitcoin at all-time highs.

 **Inflation causes fiat currency to plummet**

In 2023, six countries including Turkey, Egypt, Nigeria, Argentina, Lebanon and Pakistan are currently facing the problem of high inflation rates, causing the price of Bitcoin to rise sharply, especially in Lebanon, where the inflation rate is as high as 208%, the highest in the world. first; Argentina also ranked high with 135%. On the other hand, Egypt’s inflation rate is also as high as 35.7%, Nigeria’s is 30.6%, Turkey’s is 64%, and Pakistan’s is 29.4%.

As can be seen, Bitcoin has reached all-time highs against the Egyptian Pound, Nigerian Naira, Lebanese Pound, Pakistani Rupee, Turkish Lira, and Argentinian Peso.

 **High Inflation Increases Cryptocurrency Adoption**

In view of the continuous depreciation of the fiat currencies they hold, citizens of these six countries, which are plagued by high inflation, have turned to investing in cryptocurrencies to protect their wealth. According to Chainalysis
According to the 2023 Global Cryptocurrency Adoption Index Report, Argentina, Nigeria, Pakistan, and Turkey are all in the top 20.

Cryptocurrencies such as Bitcoin and stablecoins have long been regarded as one of the important options to fight inflation, and the data has further strengthened this view. The above proves the important position of these countries in the global cryptocurrency market. It represents not just a shift in local financial behavior, but a direct response to current economic woes and unstable currency values.