South Korean Crypto Market Drops 8 Trillion Won Amid Global Tensions

The South Korean cryptocurrency market has experienced a significant decline over the past six months. According to data released by financial authorities, the total market capitalization of domestic cryptocurrencies has dropped by approximately 8 trillion won.

This decline is largely attributed to increased tensions between the US and China, which have led to uncertainty in the global markets. As a result, investors have taken a wait-and-see approach, causing a decrease in trading volume and operating profits at cryptocurrency exchanges.

The recent survey also revealed that users in their 30s made up the largest share of the market, with male users outnumbering female users across all age groups.