South Korea’s Cryptocurrency Trading Volume Soars Following False News Spread

South Korea saw a dramatic surge in cryptocurrency trading volume after the spread of false news regarding U.S. President Donald Trump’s potential tariff changes. Reports from PANews and the Daily Economic News, citing Trump’s alleged consideration of suspending tariffs, led to a 9% increase in mainstream cryptocurrency prices, according to CoinGecko. The 24-hour trading volume across South Korea’s top five exchanges reached 6.78 billion won (approximately $4.58 million) on April 7th – the highest level since March 4th and an impressive 368% increase from the previous day’s 1.45 billion won ($980,000), as indicated by CoinGecko data.