The Turkish cryptocurrency market has recently seen a significant uptick in trading volumes, with Bitcoin achieving an unprecedented price of $72,800, an early peak before the expected halving event. This bullish trend has sparked both excitement and wariness among traders. An analysis of 24-hour trade volumes from 21milyon.com highlights the cryptocurrencies that are drawing the most interest from Turkish investors.
Top Traded Cryptocurrencies in Turkey
The overall trading volume for cryptocurrencies in Turkey surpassed $1.3 billion in the past day, signaling strong investor enthusiasm amid price surges. AMP cryptocurrency leads with a 5.57 billion TL volume, reflecting a notable 220% price increase. Meme coin FLOKI follows, delighting traders with an eightfold value rise within a month, while Tether (USDT) and Ripple (XRP) take the third and fourth spots, respectively.
The stablecoin Tether reached a 3.2 billion TL trade volume, and XRP, after climbing above $0.7 with a 9% gain, saw Turkish traders generate a 2.7 billion TL volume.
Additional Cryptocurrency Trade Insights
Surprisingly, Bitcoin, despite its record price, ranks sixth among the most traded cryptocurrencies in Turkey, with a volume of 2.22 billion TL. XCN coin captures the fifth spot, AVAX takes seventh with a recent 20% jump in price, and PEPE follows closely in eighth place.
Shiba Inu and Ethereum round out the ninth and tenth positions, with SHIB experiencing a 265% increase over the past month and Ethereum maintaining its status as a key altcoin with a trading volume of 825 million TL.