After the general markets declined due to various factors, the cryptocurrency market also experienced a similar decline.
After such negative developments in traditional and global markets, the cryptocurrency market often exhibits correlated movements. As a result, investors try to minimize their losses by switching their investments to stable cryptocurrencies before they experience large losses.
Due to the current atmosphere, interest in Tether (USDT), known as the largest Stablecoin, has increased, and users converting Turkish lira to dollars due to the aforementioned reasons may have caused the USDT price to increase up to 35 TL.
