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

Hut 8 Wins Bid for Poolin's Texas Datacenter Sites

Hut 8 has successfully bid $140 million for two datacenter sites owned by the bankrupt mining company Poolin.

user avatarLucas Weissmann

Senate Banking Committee Democrats Request Hearing on Prediction Markets

Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.

user avatarFilippo Romano

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

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.