韓國加密貨幣市場繁榮：比特幣減半後山寨幣飆升

在比特幣第四次減半事件之後，韓國 Upbit 交易所的幾種山寨幣交易量大幅增加。 Cardano (ADA)、Ankr (ANKR)、1inch (1INCH)、NEM (XEM) 和 Loom Network (LOOM) 的交易量均顯著成長，其中一些交易量飆升超過 450%。同時，在激烈的競爭和監管壓力的推動下，整個韓國加密貨幣市場的交易量激增至兩年多來的最高水準。

South Korean Crypto Markets Surge: Altcoins Witness Trading Volume Spike After Bitcoin Halving

韓國加密貨幣市場激增：比特幣減半後山寨幣交易量激增

Amidst heightened anticipation, Bitcoin underwent its highly anticipated fourth halving event. In the aftermath of this significant milestone, several altcoins listed on Upbit, South Korea's largest cryptocurrency exchange, experienced a remarkable surge in trading volumes.

在人們的高度期待中，比特幣經歷了備受期待的第四次減半事件。在這一重要里程碑之後，在韓國最大的加密貨幣交易所 Upbit 上市的幾種山寨幣的交易量出現了顯著的激增。

Altcoin Trading Volume Skyrockets on Upbit

Upbit 上的山寨幣交易量飆升

Following the Bitcoin halving, traders in South Korea, a pivotal cryptocurrency market, have shifted their attention to specific altcoin projects. On Upbit, the leading crypto exchange in the country, the trading volume in five altcoins has garnered significant attention:

比特幣減半後，關鍵的加密貨幣市場韓國的交易者已將注意力轉向特定的山寨幣項目。在該國領先的加密貨幣交易所 Upbit 上，五種山寨幣的交易量引起了廣泛關注：

• Cardano (ADA): ADA's trading volume soared by an impressive 97% within a four-hour period, reaching $14 million.
• Ankr (ANKR): ANKR witnessed an even more significant surge, with its trading volume on Upbit surging by 187% in just one hour, reaching $17 million.
• 1inch (1INCH): 1INCH experienced a remarkable 400% increase in trading volume over a four-hour period, reaching $7 million.
• Loom Network (LOOM): LOOM's trading volume surged by 215% within an hour, reaching $10 million.
• NEM (XEM): XEM exhibited the most significant increase, with its trading volume skyrocketing by over 450% in just one hour, reaching $13 million.

South Korean Crypto Market Dynamics

Cardano (ADA)：ADA 的交易量在四小時內飆升了97%，達到1,400 萬美元。了187%一小時內，達到1,700 萬美元。 215%，達1000萬美元。

South Korea's crypto market has recently witnessed a surge in trading volume, reaching levels not seen in over two years, according to data from research firm Kaiko. This surge is attributed to increased competition and evolving market dynamics.

研究公司 Kaiko 的數據顯示，韓國加密貨幣市場最近交易量激增，達到兩年多來的最高水準。這種激增歸因於競爭的加劇和市場動態的變化。

Upbit has emerged as a dominant player in the South Korean crypto scene, gaining significant market share in recent years. However, competitors such as Bithumb and Korbit are actively pursuing market share. Notably, Bithumb's introduction of a zero-fee policy in October 2023 led to a tripling of its market share, contributing to the overall increase in trading volume.

Upbit 已成為韓國加密貨幣領域的主導者，近年來獲得了龐大的市場份額。然而，Bithumb 和 Korbit 等競爭對手正在積極爭奪市場份額。值得注意的是，Bithumb 於 2023 年 10 月推出的零手續費政策使其市佔率增加了兩倍，促進了交易量的整體成長。

KRW Trading Dominates

韓元交易占主導地位

In a notable shift, the South Korean won (KRW) overtook the US dollar as the dominant currency for crypto trading on exchanges in March. However, KRW volumes experienced a decline in April. Nevertheless, Kaiko suggests that the recent approval of spot BTC and ETH ETFs in Hong Kong could revitalize market sentiment in the Asia-Pacific region.

一個顯著的轉變是，3 月韓元 (KRW) 取代美元成為交易所加密貨幣交易的主要貨幣。然而，4 月韓元成交量出現下降。儘管如此，Kaiko 表示，最近香港批准現貨 BTC 和 ETH ETF 可能會重振亞太地區的市場情緒。

Regulatory Pressure and Market Shifts

監管壓力和市場變化

The global regulatory landscape has also impacted the cryptocurrency market. Following a notice from the SEC, Uniswap Labs saw a substantial decline in its altcoin price, leading to increased trading volumes.

全球監管格局也影響了加密貨幣市場。在 SEC 發出通知後，Uniswap Labs 發現其山寨幣價格大幅下跌，導致交易量增加。

Kaiko's analysis indicates that Coinbase has expanded its market share, while Binance.US has experienced a significant drop. Binance.US's legal issues have been a contributing factor to its loss of market share.

Kaiko 的分析表明，Coinbase 的市佔率有所擴大，而 Binance.US 的市佔率則大幅下降。 Binance.US 的法律問題是其失去市場份額的一個因素。

Bitcoin and DXY Correlation Falls

比特幣和 DXY 相關性下降

In other market developments, Kaiko has reported that the correlation between Bitcoin and the DXY, a measure of the US dollar's strength against a basket of currencies, has fallen to its lowest level in over a year. During this period, Bitcoin, along with other risky assets, declined in value as the US dollar strengthened amidst unexpected inflation hikes and rising tensions in the Middle East.

在其他市場動態方面，Kaiko 報告稱，比特幣與 DXY（衡量美元兌一籃子貨幣強勢的指標）之間的相關性已降至一年多來的最低水平。在此期間，由於通貨膨脹意外上升和中東緊張局勢加劇，美元走強，比特幣和其他風險資產一起貶值。

In contrast to traditional safe-haven assets, Bitcoin has failed to attract investor interest during this period of uncertainty and volatility.

與傳統的避險資產相比，比特幣在這段不確定性和波動性時期未能吸引投資者的興趣。