Upbit Trading Volume Jump 76% to $2.52B wit ETH/KRW Leading
Upbit trading volume don rise sharply by 76% reach $2.521 billion inside 24 hours based on CoinGecko data for August 18. For South Korean won market, ETH/KRW pair dey lead, make up 15.95% of total volume. XRP/KRW, CYBER/KRW, STRIKE/KRW plus BTC/KRW complete the top five. This big jump for Upbit trading volume inside one day show say investors dey more interested for big coins and e fit mean say trading patterns for South Korea dey change. Market observers suppose keep eye on further volume changes and possible market shakiness. The way crypto market react for Upbit show say people dey get more confidence for ETH as digital asset activity dey grow.
Bullish
Upbit trade volume don jump 76% reach $2.521 billion, e mean say di Korean crypto market get strong bullish vibe. Normally, volume wey spike — like di 85% increase for April 2023 — dey usually happen before price go up, as investors begin show fresh interest for high-liquidity pairs. ETH/KRW dey lead with 15.95%, traders dey prefer Ethereum pass Bitcoin, wey dey usually match up with expected ETH price rally. Di high action for XRP, CYBER, STRIKE and BTC pairs show say market confidence dey wide. For short term, dis growth fit push price go higher and bring more volatility, make trading chance dey for big pairs. For long term, steady high volume fit hold up bullish market for South Korea, bring in more money and confirm positive feeling.