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.
France Dernières Nouvelles, France 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.
La source: Utoday_en - 🏆 295. / 63 Lire la suite »