South Korea’s cryptocurrency trading volume surges nearly 400% after fake news of “US tariff suspension”

04-08

This article is machine translated

Show original

PANews reported on April 8th that according to the Daily Economic News, after a false news led to a 9% increase in mainstream cryptocurrency prices, the daily cryptocurrency trading volume in South Korea surged by nearly 400%. The false report claimed that US President Donald Trump was considering suspending tariff measures.

Data from CoinGecko shows that on April 7th, the 24-hour trading volume of the top five crypto exchanges in South Korea reached 6.78 billion Korean won (approximately $458,000), the highest level since March 4th, an increase of 368% from 1.45 billion Korean won (approximately $98,000) on April 5th.

Source

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

Add to Favorites

Comments

Relevant content