The global financial community was fixated on the U.S. Securities and Exchange Commission’s (SEC) decision regarding the spot Bitcoin ETF applications. Following approval for 11 issuers, the crypto market experienced remarkable volatility, with altcoins showing significant revitalization. Concurrently, Turkey witnessed a surge in crypto engagement, with Bitcoin being the focal point of attention.
In Turkey, there are two methods to determine the most invested cryptocurrencies. One could manually visit Turkish exchanges and compile volume data into a spreadsheet, a time-consuming task. Alternatively, 21milyon.com offers real-time prices, 24-hour volumes, and performance over various time frames for 411 altcoins traded on local exchanges with a simple click.
By sorting cryptocurrencies by volume on 21milyon.com, one can easily find the most popular coins among Turkish investors. Within 24 hours of the ETF decision, Turkish exchanges saw over $636 million in transaction volume, with the overall market volume exceeding $19 billion.
Bitcoin, having garnered the spotlight following the ETF news, remained the top choice for Turkish investors. Despite market fluctuations, Bitcoin’s price increased by 2.39% in the last 24 hours, with a trading volume exceeding 1.8 billion Turkish Lira.
While Bitcoin remained dominant, altcoins like Tether, ENS, SOL, BONK, and AVALANCHE also caught Turkish investors’ interest. ENS, for instance, saw a 43% increase in the last 24 hours. BONK, a Solana-based project, notably benefited from the Solana hype, achieving a 950% increase last year. These trends suggest that Turkish investors’ preferences can significantly differ from global market trends, potentially creating opportunities for growth in closely watched altcoins.