The cryptocurrency markets are still healing from last week’s decline. At the time of writing, Bitcoin 
$95,103, trading at $66,232, could potentially trigger a rise as the halving event has just passed. Let’s examine which altcoin projects Turkish investors are focusing on, using data from 21milyon.com.
Turkey’s Cryptocurrency Exchanges
According to 21milyon.co, Turkish cryptocurrency exchanges saw over 12 billion Turkish Lira, equivalent to 379 million USD, in trading volume in the last 24 hours. The recent dip in trading volume, coupled with last week’s volatility, indicates a decrease in Turkish investors’ interest in cryptocurrencies.
BtcTurk, which started operations in 2013, leads in trading volume over the past 24 hours. The exchange saw over 4.93 billion Turkish Lira in trades, accounting for 39.77% of the market share in Turkey’s cryptocurrency exchanges.
During this period, Paribu took the second spot with a 33% share, followed by Bitci with 18%, and Bitexen found its place in fourth with 7.5%.
Top Five Cryptocurrencies of Interest to Turkish Investors
In the last 24 hours, Turkish investors trading on local crypto exchanges primarily engaged in the BTC/TRY pair. Paribu saw a notable trading volume of 677 million Turkish Lira. The expected leader, USD/TRY, was second, with transactions worth 529 million Turkish Lira recorded on Paribu.
The interest of Turkish investors in memecoin projects continues. The PEPE/TRY pair ranked third in trading volume, attracting 477 million Turkish Lira. Other crypto exchanges combined for over 1 billion Turkish Lira in trading volume.
Floki ranks fourth, with BtcTurk recording over 279 million Turkish Lira in the FLOKI/TRY pair in the last 24 hours. The fifth spot goes to the AMP/TRY pair, which saw a trading volume of 221 million Turkish Lira.
