() took more than a beating in the markets. The orange coin got the worst of it when Turkish President Recep Tayyip Erdoğan received his Salvadoran counterpart Nayib Bukele in the Turkish capital to discuss various issues. Although Bitcoin was not a topic of conversation, this did not prevent a wave of rumors from circulating on Twitter (NYSE:).
As part of the state visit, Bukele and Erdoğan began with an official ceremony. Shortly after, they inaugurated the new Salvadoran embassy before signing six agreements on the economy, trade, defense, diplomacy and education.
The trade agreements aim to increase the volume of trade between the two Turkey countries to USD 500 million in 5 years. Trade volumes for 2020 and 2021 were $27 million and nearly $50 million, respectively.
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