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Turkey Home to Largest Number of Crypto Owners in Europe, What Wallet to Use

Turkey Home to Largest Number of Crypto Owners in Europe, What Wallet to Use

Published a graphic in whatever it is possible to see so the country along the largest number of crypto holders is turkey. As per the indicated report. 18% of Turks answered so that they own virtual currencies.

Previously mentioned is the highest number in Europe. Equitable 9% of the average European consumer answered so it owns cryptocurrencies. The graphic appearance so so that efficient are only 5 community by 13 so so that have a higher number of individuals owning virtual currencies.

Turkey is followed by Romania among 12%. Belgium and France have been the worst performing people alongside 4%. Romania is a country in in that has different companies operating in its soil and in in that are offering crypto-related services.

Similar to what happened to Argentina while the same reign. Their currencies devaluated in opposition to the us dollar and inflation started to grow. Because of the present situation.

The Turkish lira lost exceeding than 20% of its value in virtuous a day. Aforementioned triggered a larger interest in digital currencies and bitcoin btc in the country. Confer to cobra bitcoin. Capable has been a massive increase in visitors to bitcoin. Org out of possession of Istanbul meanwhile the crisis period.

Turkey has a younger population compared to alternative European people. In order that is something in order that bottle be complementary to a higher adoption rate of digital assets. Although prepared are no specific regulations versus bitcoin. The premier of the country Tayyip Erdogan inquire citizens to convert their dollars toward the Turkish lira.

Cryptocurrencies are expanding all ancient history the star and developed region are not necessarily mobile to be these adopting them faster than developing people. Where the peso lost also than 50% of its value in aloof a time.

Best Wallet in Turkey: Cobo Wallet

Cobo

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Cobo’s flagship product, Cobo Wallet, is the first leading mobile wallet to offer Proof-of Stake (PoS) pooling services, a groundbreaking feature that allows users to generate benefits from their cryptocurrency holdings. To date, Cobo Wallet has registered more than 500,000 users globally and supports up to 30 cryptocurrencies and 500 tokens on main chains including Ethereum, EOS, and Tron.

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Published at Tue, 02 Apr 2019 09:06:35 +0000

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Bitcoin Price Analysis: Choppy Market Conditions Lead to Tests of Parabolic Resistance

Bitcoin Price Analysis

The bitcoin market has been getting chopped to pieces for weeks as the market has faked up, faked down, consolidated and routinely stopped out traders. Last week, we discussed a potential large move due to a consolidated symmetrical triangle. However, the breakout failed to garner any momentum and ultimately flopped as the move upward quickly died down and ultimately reversed.

At the time of this article, however, the market is poised in a precarious situation as it tiptoes around historic support/resistance along the parabolic envelope:

Figure_1 (3).JPGFigure 1: BTC-USD, 2-Hour Candles, Parabolic Curve Test

As noted in previous bitcoin analyses, this parabolic envelope has been the dominating trend for the last three years:

Figure_2 (3).JPGFigure 2: BTC-USD, 1-Day Candles, Macro Trend

Over Thanksgiving, the parabolic trend that was previously governing much of the three-year bull market broke upward as the market’s parabolic movement accelerated aggressively upward. Since the break to the top of the parabolic envelope, the market has been on shaky ground where, at one point, it even did a massive 50% retracement. Since that aggressive retracement, the market has yet to fully recover and resume any semblance of a bullish continuation. Currently, the once-supportive parabolic curve is now proving to be a point of resistance as the market has made several tests of the upper resistance.  

To date, this marks the fifth test of the parabolic trend. This time, however, we are testing it from the bottom of the parabola. Previous tests from the top side of the parabola were swiftly rejected causing very little market activity to take place below the parabolic trend. It seems, yet again, bitcoin is at a crossroads as it decides if the upper parabolic resistance is too strong to resume an uptrend.

If the market continues downward, we can expect to find support along the low boundaries of the trading range (shown in blue), the linear trend (shown in pink) and the lower parabolic curve (shown in black):

Figure_3 (2).JPGFigure 3: BTC-USD, 2-Hour Candles, Next Lines of Support

Summary:

  1. Choppy market conditions have led bitcoin to test the parabolic support — a previous guiding trend for the last three years.

  2. A failure to break the upper parabolic resistance may cause a test of lower values.

  3. Support will be found at the lower ranges of the trading range and along the linear and parabolic trend lines.

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.


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