Investors Drive Bitcoin and Tether Trading in Turkish Crypto Markets

The ongoing decline in Bitcoin $83,239 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. In August, the price dropped to $48,800 but recovered to $65,000; however, things didn’t go well, and the decline continued. So, 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.

Which Cryptocurrencies Are Turks Trading?

Investor interest in different projects can be reflected in the charts periodically. 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.

Depending on the period, different hype environments can form around notable cryptocurrencies. Sometimes, the volumes of transactions in global and Turkish exchanges trigger each other, although there are times when they diverge based on notable announcements.

Two methods can be preferred to examine price movements and the general market situation. While some investors continuously monitor order books through multiple screens, this may not be a very efficient method.

On the other hand, using a service that provides all this information under one roof, such as 21milyon.com, can enable faster tracking and obtaining the desired data within seconds.

Most Traded Cryptocurrencies in the Last 24 Hours

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. Compared to past volumes, this amount may still reflect the presence of anxiety and a downward trend.

Based on the obtained data, it would not be wrong to say that there is a shift of interest towards Bitcoin and the largest stablecoin by volume, Tether. With a value of 1.866.150 TRY, Bitcoin stands out as the most traded cryptocurrency by investors.

Following Bitcoin, Tether’s price continues to rise and is calculated at 34.22 TRY at the time of writing. Four different meme coins, APE, PEPE, FLOKI, and DOGE, are seen in the top 10 by volume.

Ethereum $1,914 and Solana are also on the radar of Turkish investors, while AVAX and interestingly, despite its low volume, REEF are also on this list.