Investors Drive Bitcoin and Tether Trading in Turkey

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Market Overview
  2. Most Traded Cryptocurrencies
  3. Analysis of Traded Assets


    4. The ongoing decline in Bitcoin since last month seemed to increase investor anxiety. Despite the Fed’s continued statements about lowering interest rates, general economic uncertainties are known to have negative effects on the market.

    Market Overview

    In August, the price dropped to $48,800 but recovered to $65,000. However, things didn’t go well, and the decline continued. Let’s take a look at which cryptocurrencies Turkish investors traded the most in the last 24 hours in the TRY pair on Turkish exchanges.

    Most Traded Cryptocurrencies

    Investor interest in different projects can be reflected periodically in the charts. Meme coins and AI tokens, which were frequently mentioned in the past, seem to have lost strength recently. Despite all these developments, USDT and BTC continue to maintain their top positions on the list.

    Analysis of Traded Assets

    According to data provided by 21milyon.com, the 24-hour trading volume is at the level of 288,600 million dollars, which is approximately 9.861 billion TRY. Based on the obtained data, it wouldn't be wrong to say that there is a shift of interest towards Bitcoin and the largest stablecoin by volume, Tether.

    Bitcoin and Tether continue to hold leading positions among cryptocurrencies on Turkish markets despite general economic uncertainty and volatility. This trend is likely to continue in the near future, emphasizing the importance of these assets for local investors.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

BAI Sets New Industry Record with 151 Trillion Tokens Daily Throughput

BAI has set a new industry record with a daily throughput of over 151 trillion tokens, marking a significant increase since its launch.

user avatarElias Mukuru

Justin Sun Prize Launched to Transform Scientific Research

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.