Crypto money market for the first 6 months of the year’s price records, US and President Donald Trump’s moves on this issue with the regulation work in Türkiye was marked.
Crypto currencies followed a wavy course in the first half of the year.
Bitcoin, in this period, the price record over 110 thousand dollars in March, although it went below 80 thousand dollars in March.
Bitcoin started the first half of the year from 93 thousand 500 dollars, closed this period with 107 thousand 100 dollars. The total value of the market reached 3.26 trillion dollars at the same period from 3.34 trillion dollars.
Unlike Bitcoin, other crypto currencies, which are described as Altcoin, showed a negative appearance in the majority of the 6 -month process.
Trump dragged the market
In the first half of the year, US President Trump was the main determinant of pricing in the crypto money market.
Trump, which triggered the rise in crypto currencies with the winning of the presidency, signed the decree on the formation of the US strategic Bitcoin reserve in line with its promises during the election period after taking over the task on January 20th.
While Bitcoin is added to US reserves such as gold and oil with this development, investors’ interest in the stock market investment funds (ETF) increased.
In the first half of the year, Trump hosted the leading names of the crypto money market, senior executives and investors at the White House. Thus, the White House hosted the first crypto currency summit in its history.
During this period, US President Trump launched a crypto currency project called “Trump”. After President Trump, Argentina President Javier Milei announced the project called “Libra” from his social media account. These assets, which were issued and introduced by the heads of state, suffered serious losses in the process.
USA accelerated its regulation work
In the United States, Trump’s positive approach and economic management of crypto -friendly names, as well as work to organize this ecosystem work has accelerated.
The legal regulation regulating stable crypto currencies, which are fixed valuable crypto assets, was approved in the US Senate.
While the regulation is expected to emerge this month, Treasury Minister Scott Bessent announced that they expect to increase interest in US bonds with this law.
The conflict process brought a decline
In the first half of the year, one of the developments affecting crypto currencies was the conflict between Israel and Iran. In the process that began with Israel’s attacks on Iran, Bitcoin and other beings lost serious value.
During the process, some of the losses exceeded 20 percent in some Altcoin projects, while some of the losses were compensated with the ceasefire.
In Türkiye, the arrangement has gained speed
In the first half of the year, Turkey accelerated the regulation of crypto currencies.
With the secondary regulations made during this period, the establishment and operation of the crypto currency exchanges were determined. The application period recognized in order to operate these stock exchanges was filled on June 30th.
In the last days of June, the “limit” and “time limit” arrangement of the transfer transactions of crypto assets were also held. With the communiqué prepared by the Ministry of Treasury and Finance, “stable crypto currency”, also known as assets, 3 thousand dollars per day, 50 thousand dollars per month limit was brought.
In addition, the platforms were obliged to perform crypto assets withdrawal processes at least 48 hours after purchase, swap or deposit.
Treasury and Finance Minister Mehmet Şimşek said that they aim to prevent the transfer of criminal revenues abroad.
