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

Coinbase Launches Ripple USD (RLUSD) for Eligible Users

Coinbase has launched Ripple USD (RLUSD) for eligible users, allowing deposits and withdrawals on multiple platforms, enhancing stablecoin liquidity.

user avatarTenzin Dorje

DTCC Launches Tokenization Service to Enhance Blockchain Infrastructure

The Depository Trust Company (DTCC) has launched a tokenization service to enhance blockchain infrastructure, allowing the movement of eligible assets between traditional and tokenized environments.

user avatarBayarjavkhlan Ganbaatar

CFTC Takes Legal Action Against Utah to Protect Kalshi

CFTC files lawsuit against Utah to block enforcement actions against Kalshi, a prediction market platform.

user avatarElias Mukuru

Utah Charges Kalshi and Co-Founders with Illegal Gambling Promotion

Utah has filed criminal charges against KalshiEX LLC and its co-founders for illegally promoting gambling in the state.

user avatarMohamed Farouk

Arbitrum's Network Fees Remain Stable Amid Increased Activity

Arbitrum's daily user-paid fees remained stable at approximately 19,100 on October 28, despite an increase in active addresses, indicating a shift towards lower-cost interactions.

user avatarDiego Alvarez

Transaction Activity Increases but Lags Behind Wallet Growth

Transaction activity increased modestly to approximately 21 million on the Arbitrum network, despite a significant rise in active addresses, raising concerns about the sustainability of growth.

user avatarMaria Fernandez

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.