Turkey's cryptocurrency market has surged to approximately $200 billion in transaction volume over the past year, making it the largest in the Middle East and North Africa (MENA) region. This growth, driven largely by speculative trading amid economic challenges like inflation and currency weakness, positions Turkey far ahead of regional peers such as the UAE, whose market volume is about $53 billion. The upcoming Istanbul Blockchain Week event is expected to further spotlight Turkey's expanding digital asset sector, attracting global investors, institutions, and developers. Ripple, a major blockchain company, is actively expanding in the region, highlighting Turkey's growing importance in the crypto ecosystem.
Bitcoin ETFs saw a strong inflow of $517.19 million, the highest since early May, as Bitcoin prices climbed above $70,000. Ether ETFs also gained $189.15 million in net inflows, driven by ETH rising above $2,000. Major fund managers like Blackrock le...
XRP surged over 10% near $1.10 following Bitcoin's sharp 8% rise to $72,281, triggering more than $1 billion in Bitcoin short liquidations. This major short squeeze reflects renewed bullish momentum after months of decline. Amid this volatility, UE C...
Major cryptocurrencies saw significant gains, with Bitcoin rising 6.2% to $72,557 and Ethereum up 10.9% to $2,326.79. Other notable increases include XRP up 16.1%, Dogecoin up 10.7%, and several altcoins showing double-digit percentage gains. This su...
XRP surged 24% in the past 24 hours to around $1.26, making it the best-performing cryptocurrency among the top 100 by market capitalization. The token also gained 31% over the past week, driven largely by strong trading activity in South Korea and a...
Ripple has minted an additional 900,000 RLUSD stablecoins amid a sharp rally in XRP price, which surged nearly 19% in the past 24 hours to a high of $1.24. This minting follows several large RLUSD issuances and burns, indicating active management of ...
