Posted 12/7/2023, 3:31:34 PM
South Korean Retail Traders Drive Renewed Crypto Market Rally
- Price of Bitcoin has risen 25% in past month, partly due to crypto traders in South Korea
- South Korea is an important player in crypto markets, with trading volume overtaking the US dollar recently
- Crypto trading in South Korea is dominated by retail investors rather than institutions
- Korean retail investors trade a diverse range of altcoins, not just Bitcoin and Ethereum
- The recent rally seems driven by overall renewed optimism rather than regulatory changes in South Korea