The cryptocurrency market is showing signs of recovery after Bitcoin’s rally paused, with the leading digital currency rebounding above $43,000. This resurgence has also brought relief to the altcoin market, prompting investors to resume their research and investments in cryptocurrencies. In Turkey, this activity has increased the volume of crypto transactions, with Turkish investors showing particular interest in certain cryptocurrencies.
As fear and uncertainty in the crypto market have been on a decline since the last quarter, investors are showing a renewed appetite for risk. This change in sentiment is leading them to explore digital assets beyond Bitcoin, particularly altcoins.
According to transaction volume data provided by 21milyon.com, Tether (USDT) tops the list of cryptocurrencies traded in Turkey, with a 24-hour volume of 1.65 billion Turkish Lira. Bitcoin (BTC) follows in second place with a volume of 1.02 billion Turkish Lira.
Solana (SOL) ranks third with a volume of 1 billion Turkish Lira, followed by the meme coin Bonk (BONK) from the Solana ecosystem with 815 million Turkish Lira. Other notable cryptocurrencies include Sei (SEI), Avalanche (AVAX), Polygon (MATIC), Skale Network (SKL), Render (RNDR), and the leading altcoin Ethereum (ETH).
Turkey is one of the countries with a high interest in cryptocurrencies, to the extent that the crypto market is considered a major competitor to the Borsa Istanbul (BIST). This highlights the importance of tracking transactions made by Turkish investors.
21milyon.com emerges as a significant crypto data platform, offering comprehensive and straightforward information on local cryptocurrencies and exchanges, including transaction volumes, prices, and price changes. The platform, which is free to use, also features a news section for real-time updates on crypto developments from local sources.