- Crypto investors in South Korea exceed 15.59 million.
- This accounts for 30% of the country’s population and $79 billion in average daily trades.
- Bitcoin dominance continues to drop as altcoin dominance pumps.
In what could be described as a Christmas miracle, the price of Bitcoin shot up from $94,000 to $99,000, in a matter of hours. Presently, BTC price is holding strong at the $98,113 price level, just a short pump of 9% away from its previous ATH of $108,268.45. With expectations for BTC price to rise to new greater ATHs ahead, analysts eagerly await BTC’s steady recovery.
South Korea Crypto Investors Exceed 15.59 Million
Across the world, BTC and crypto adoption continues to gain traction. For instance, according to data from the Bank of Korea, as of the end of November, the total number of crypto investors in South Korea exceeded 15.59 million for the first time. This number accounts for more than 30% of the country’s population, with total assets of $79 billion and average daily trading volume approaching the total of the domestic stock market.
BTC Dominance Falls, Altcoin Dominance Pumps
Despite Bitcoin’s continual battle between the lower and higher prices in the $90,000 price range, it seems the Bitcoin Dominance continues to drop leading to a pump in altcoin dominance. Several analysts prepare for what could be an explosive rally for the altcoin sector in the midst of the highly-anticipated altseason.
So far, many potential altcoins have shown highly bullish signs for setting new high ATHs in the coming months. In particular, January 2025 is expected to see a boom in altcoin prices, a rally which will most likely be led by Ethereum (ETH).
The post Crypto Investors in South Korea Exceed 15.59 Million Accounting for 30% of the Country’s Population appeared first on Crypto News Land.
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