Cryptocurrency markets experienced a relatively calm weekend, with ETF data from Friday helping to prevent significant losses. As the holiday season comes to an end, trading volumes are expected to rebound in the coming days. Furthermore, the incoming data this week is set to have a substantial impact on the markets.
Popular Cryptocurrencies Among Turks
After a two-week decline, BTC is moving towards $98,000 instead of $86,000. This recovery, which reassures altcoin investors, may further support a clearer upward trend in the upcoming days. Despite the weekend, Turkish cryptocurrency traders continue to engage in buying and selling activities.
The total volume on local exchanges exceeds 18 billion TL. Considering that the BIST100 stock exchange has reached a daily volume of 114 billion TL, this is quite a large figure. Moreover, the 18 billion TL volume only encompasses the Turkey-based cryptocurrency exchanges.
Seven Cryptocurrencies Turks Prefer
Detecting volume rankings, especially on local exchanges, can be quite challenging. You have two options to access this data: either track all exchanges in real time to gather and rank volumes for altcoins, which can lead to outdated information, or visit 21milyon.com for instant, free access to this data.
21milyon.com offers significant convenience by automatically displaying volume data from local exchanges. Turkish cryptocurrency investors exhibit preferences and strategies that differ greatly from global investors.
As seen above, Turkish cryptocurrency investors show a heightened interest in highly volatile assets. BTC and USDT typically hold positions in the top five. USDT ranks due to fluctuations in the local currency, while BTC, despite being the largest cryptocurrency, often loses its place to popular meme coins.
According to data from January 5, the assets that Turkish cryptocurrency investors are most interested in include USDT, BTC, DOGE, ETH, XRP, PEPE, and CIVIC Coin.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
