Taking a closer look at the recovery of cryptocurrency markets following a recent decline, Bitcoin stands at $66,232, with potential for an upswing after the halving event. Let's delve into the altcoin projects Turkish investors are eyeing, with insights from data provided by 21milyon.com.

Exploring Turkey's Cryptocurrency Exchanges

Over the past 24 hours, Turkish cryptocurrency exchanges recorded a trading volume of over 12 billion Turkish Lira, approximately 379 million USD. This dip in trading activity, combined with recent market volatility, signals a waning interest among Turkish investors in cryptocurrencies.

Among these exchanges, BtcTurk, operational since 2013, leads the pack in trading volume, accounting for 39.77% of the market share with over 4.93 billion Turkish Lira in trades. Following closely is Paribu, capturing a 33% share, trailed by Bitci at 18%, and Bitexen at 7.5%.

Top Cryptocurrency Picks Among Turkish Investors

In the realm of local crypto exchanges, the BTC/TRY pair takes center stage, with Paribu recording a substantial trading volume of 677 million Turkish Lira. Notably, the USD/TRY pair follows closely with transactions totaling 529 million Turkish Lira on Paribu.

Turkish investors continue to show interest in meme coin projects, with the PEPE/TRY pair ranking third in trading volume, drawing in 477 million Turkish Lira. Other exchanges collectively account for over 1 billion Turkish Lira in trading volume.

In the fourth position, Floki gains traction, with BtcTurk registering over 279 million Turkish Lira in the FLOKI/TRY pair over the past 24 hours. The fifth spot goes to the AMP/TRY pair, with a trading volume of 221 million Turkish Lira.

In conclusion, while cryptocurrency markets in Turkey navigate through recent fluctuations, insights into exchange activities and investor preferences shed light on emerging trends and potential market directions.