Surge in Trading Volume: In November, the average crypto trading volume on exchanges like Binance and Coinbase more than doubled, increasing over 141%, reflecting a significant resurgence in market activity following the U.S. Elections.
Upbit Leads the Market: Notably, Upbit in South Korea achieved a remarkable 386% growth in spot trading volume. Other exchanges like BitMart and Bitfinex also reported substantial increases of 242% and 218% respectively, showcasing a bullish trend.
Overall Market Growth: The total cryptocurrency market capitalization surpassed 3.2 trillion USD as Bitcoin reached new heights. This increase was supported by a significant rise in stablecoin supply, exceeding 200 billion USD, indicating heightened demand.
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