South Korea’s top 5 crypto exchanges had a 400% increase in trading volume, exceeding 6.78 billion VND, approximately 4.58 million USD, after false news broke. Despite this, global markets remain shaky with digital assets, including Bitcoin and Ethereum, facing declines.
The false news of a US tariff suspension contributed to panic across markets. The S&P 500 declined by over 10%, indicating recession fears among CEOs. Recent tariffs have added to the volatility affecting cryptocurrencies and heightening investor anxiety.
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