Cryptocurrencies
Asia Crypto Hotspots Gain From $800 Billion Rally Led by US
- Bhutan’s Bitcoin holdings are now equivalent to 36% of GDP
- South Korean crypto exchanges see a jump in market share
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A record-breaking crypto rally born in the US is leaving its mark on Asia, including a jump in the value of Bitcoin held by Bhutan to more than $1 billion and a surge in digital-asset trading volumes in South Korea.
The crypto market by some estimates has climbed over $800 billion since Donald Trump’s victory in the US election on Nov. 5, on hopes that his pledge to turn the US into the global hub for the sector will spur a digital-asset boom.