South Korea’s Cryptocurrency Trading Soars Amid False News Reports

Reports indicate a significant surge in South Korean cryptocurrency trading volume following the dissemination of false information regarding U.S. President Donald Trump’s potential tariff policy changes. The spread of these rumors, initially reported by Daily Economic News, caused a 9% rise in mainstream cryptocurrency prices. Data from CoinGecko shows that on April 7th, South Korea’s top five cryptocurrency exchanges witnessed a trading volume of 6.78 billion won (approximately $4.58 million). This represented the highest level since March 4th and marked a 368% increase from the 1.45 billion won (approximately $980,000) recorded on April 5th.