South korea crypto volume drops to 6.6 billion: South Korea’s cryptocurrency market has seen a sharp decline, with volumes plunging from 25 billion USD to 6.6 billion USD. This reduction is attributed to cautious market sentiment as the holiday season approaches, with a noticeable decrease in retail trading activities.
Bitcoin faces important 95,000 USD support: Bitcoin currently holds a Market Value to Realized Value (MVRV) ratio of 2.7x, a mid-cycle peak. Analysts highlight the 95,000 USD support level as crucial; a fall below might prompt investor caution, while a breach above 100,000 USD could signal a bullish shift.
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