Bitcoin (BTC) loses to XRP in trading activity on South Korea's Bithumb $XRP $BTC
On the Bithumb exchange, the XRP/KRW trading pair accounted for 17.85% of all volumes, totaling $30,818,226, and is the most traded asset, surpassing Bitcoin .
XRP overtaking Bitcoin in trading volume at the moment remains significant because XRP is not experiencing a surge that would fuel a massive increase in trading volume. XRP is falling in step with the rest of the cryptocurrency market. In the last 24 hours, BTC was down 1.16% to $30,456.Kaiko , a cryptocurrency research firm, tries to unravel the reason for XRP's dominance and popularity on Korean crypto exchanges, which is surpassing that of Bitcoin.
In an analysis released at the start of June, Kaiko noted that Korean crypto markets have a very unique market structure. This is because traders prefer altcoins to BTC and ETH as the major assets. Kaiko went on to say that XRP is the most traded altcoin year to date .highlighted that XRP was showing a slight bullish sign due to mild trader capitulation."As crypto's largest assets are ranging to start the week, XRP is showing a slight bullish sign due to mild trader capitulation.
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