Turkish Lira’s Crypto Volume Market Share Hits All-time High

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Crypto Blog

The crypto volume market share of the Turkish lira has hit an all-time high amid the currency’s depreciation and foreign exchange volatility in the country.by crypto research platform Kaiko, the uptick in TRY’s crypto volume market share caused the currency to rally past the euro , becoming the third largest fiat currency by volume.Kaiko’s analysis found that TRY’s crypto volume market share hit an all-time high of 19% in early June.

Since April, the financial market has seen the British pound rally to its highest level against the EUR in two years. On the other hand, the Japanese yen fell to a 30-year low against the United States dollar , while the Mexican peso plummeted to its weakest level since October 2023. The common factor among these currencies is high inflation and massive devaluation of their purchasing power.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 568. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

XRP Skyrockets 108% in Volume Amid $400 Million Crypto Market Sell-offThis surge in trading volumes comes at interesting time in digital asset space
La source: Utoday_en - 🏆 295. / 63 Lire la suite »