cryptocurrency Markets are having a relatively quiet weekend, and Friday’s ETF data prevented major losses. Volumes are expected to pick up in the coming days due to the end of the holidays. Moreover, the data coming this week will have significant effects on the markets.
Turks’ Favorite Cryptocurrencies
After a 2 week losing streak BTC It moved towards $98,000, not $86,000. This recovery, which reassures altcoin investors, may support a clearer rise in the coming days. Turkish cryptocurrency investors continue to trade cryptocurrencies even though it is the weekend.
The total volume on local stock exchanges is over 18 billion TL. Considering that the BIST100 stock market has reached a daily volume of 114 billion TL, this is a quite large figure. Moreover, the volume of around 18 billion TL only covers crypto exchanges based in Türkiye.
Considering that a significant portion of Turkish investors trade on global stock exchanges due to deeper liquidity, the actual volume is much higher. The biggest evidence of this is that exchanges such as Binance often activate TRY parities in addition to USDT in their new altcoin listings.
7 Cryptocurrencies Purchased by Turks
Determining the volume ranking is very difficult, especially in local exchanges. You have two options to access this data. Either you will monitor all exchanges in real time and collect and sort the volumes for altcoins one by one. As a matter of fact, this gives you data that is out of date until you complete the transaction. Or 21milyon.comBy entering , you will instantly access this data for free.
21milyon.com, which automatically brings you volume data from local stock exchanges, offers great convenience in this regard. The tendency and strategy of Turkish cryptocurrency investors are much different than global investors.
As you can see above, Turkish cryptocurrency investors are much more interested in assets with high volatility. Bitcoin 
$97,667.7 and USDT usually takes its place in the top 5. USDT is rightfully ranked due to the volatility of the local currency. Although BTC is the largest cryptocurrency, it can lose its place to a popular meme coin most days.
According to January 5 data, these are the assets that Turkish cryptocurrency investors are most interested in. USDTBTC, DOGEETH, XRP, PEPE and became CIVIC Coin.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
