CryptoQuant CEO: South Korea Boosting Stocks as Crypto Trading Hits Record Low
According to CryptoQuant CEO Ki Young Ju, South Korea’s KOSPI index has surged to an all-time high, even as crypto trading volumes on local exchanges have fallen to record lows. Ju agreed with an analyst’s view that the South Korean president may be deliberately supporting the stock market to divert speculative activity away from the real estate sector. The move could also be aimed at improving public approval, as the president continues to face multiple legal challenges.
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CryptoQuant CEO: South Korea Boosting Stocks as Crypto Trading Hits Record Low
According to CryptoQuant CEO Ki Young Ju, South Korea’s KOSPI index has surged to an all-time high, even as crypto trading volumes on local exchanges have fallen to record lows. Ju agreed with an analyst’s view that the South Korean president may be deliberately supporting the stock market to divert speculative activity away from the real estate sector. The move could also be aimed at improving public approval, as the president continues to face multiple legal challenges.