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The recent decline in Bitcoin prices over the past two weeks has raised concerns among investors. After the Federal Reserve’s decision on interest rates, the price dropped from $70,000 to $58,500. However, it managed to recover slightly and climb back above $60,000. In light of these developments, let’s explore which cryptocurrencies were most favored on Turkish exchanges in the last 24 hours.
Which Cryptocurrencies Are Traded by Turks?
When it comes to cryptocurrencies, investors often shift their interests towards different projects. Recently, meme coins and AI tokens have been making headlines, but despite these trends, USDT and BTC remain among the top 10 choices. For the latest financial and business news, you can visit COINTURK FINANCE.
Market movements and trends can create varying levels of excitement at different times. While global exchanges and Turkish exchanges sometimes generate similar trading volumes, this can change over time, as reflected in the charts.
There are two ways to analyze market price movements and the overall situation. Some investors prefer using multiple screens to continuously monitor order books, although this method may not be very efficient. Alternatively, investors can visit 21milyon.com to quickly gather all the necessary information and access the desired data within seconds. This website provides not only cryptocurrency prices and volumes but also information about the exchanges where these transactions occur.
Most Traded Altcoins in the Last 24 Hours
According to data from 21milyon.com, the 24-hour trading volume amounted to $285.3 million, equivalent to 9,400,617,580.00 TRY. The prevailing uncertainty in the market indicates that investors are facing difficulties in making decisions.
The data reveals that the recent hype around meme coins has shifted towards Bitcoin, the leading cryptocurrency, and Tether, the largest stablecoin by volume. Bitcoin’s price stands at 2,030,000.00 TRY, indicating a 1% increase in the last 24 hours. The trading volume for BTC during this period reached 1,177,495,245.00 TRY.
Following Bitcoin, Tether’s price is 32.97 TRY, showing a slight decrease of 0.09%. Notably, three different meme coins—PEPE, FLOKI, and BONK—have attracted significant interest from Turkish investors.
Moreover, Solana, which recently gained attention due to an ETF news, experienced a notable increase of 9.49%, reaching 4,875.60 TRY. This indicates a significant rise in investor interest.
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Disclaimer: The information provided in this article should not be considered as investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry inherent risks. It is recommended to conduct thorough research before making any investment decisions.
