South Korean Crypto Exchanges Hit Record-Breaking $34 Billion Volume Following Market Shakeout

Quick Summary:

Yesterday, the South Korean crypto market suffered a violent drop after an emergency martial law was declared.

This caused a massive sell-off that sent the price of most cryptocurrencies to monthly lows.

After the turmoil, local exchanges saw a record-breaking daily trading volume for the second consecutive day, nearly doubling the previous milestone.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: HungaryNorth KoreaSouth KoreaThailand

Topics: Upbit Bitcoin XRP BTCUSDT ETH Crypto News Btc South Korea crypto Crypto Trading Volume Crypto Market South Korea crypto exchange

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 07:00:10 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24134018

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News Last Updated: 10 hours ago

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