South Korean stocks extended their decline over the past week and triggered another trading curb, with Samsung and SK Hynix leading the drop, according to ChainCatcher. The report said the continued weakness in equities appears to be pushing local retail money back toward crypto.
Citing CoinGecko data, ChainCatcher said Upbit, the country’s largest centralized exchange, posted $4.12 billion in trading volume over the past 24 hours, up 436%. On the platform, the top five tokens by trading volume were Bitcoin, XRP, ETH, T and BLAST.
The move highlights a sharp pickup in crypto activity in South Korea as stock-market losses persist. No additional details were provided on the stock-market halt beyond the report’s statement that the market fell into another circuit breaker event.
Stocks extend losses as crypto turnover rises
South Korean stocks continued their slide of nearly a week and hit another trading curb, with Samsung and SK Hynix leading the drop, according to ChainCatcher. The report said the ongoing weakness in equities appears to be driving local retail money back into crypto.
Citing CoinGecko data, ChainCatcher said Upbit, South Korea’s largest centralized exchange, recorded $4.12 billion in trading volume over the past 24 hours, a 436% increase.
Top tokens on Upbit
The top five assets on Upbit by trading volume were Bitcoin, XRP, ETH, T and BLAST.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
