The cryptocurrency market rose by 2.5% on May 22nd, breaking through a market capitalization of $348 billion (approximately 5,078 trillion won). This is the highest point recorded since February, reflecting a recovery in overall investment sentiment.
Bitcoin (BTC) led the market-wide uptrend, recording an all-time high of $111,888 (approximately 163.36 million won). Its status as a major digital asset was once again emphasized, with risk asset preference rapidly emerging among investors.
Trading volume also showed a clear improvement. The total cryptocurrency trading volume increased by 55% compared to the previous day, reaching $19.32 billion (approximately 281.75 trillion won) over 24 hours. This suggests that market movement is being strengthened by demand-driven dynamics, not just a sharp price surge.
Experts analyze that Trump's recent pro-cryptocurrency stance has also influenced market sentiment. With the resolution of policy uncertainty and expectations of regulatory clarity, investors continue to actively enter the market. The industry is leaning towards the possibility that the upward trend centered on Bitcoin will continue for the time being.
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