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<ul class="wp-block-list news-points">
 <li>Matrixport data shows Korean crypto volumes dropping from $16 billion to $2-4 billion.</li>
 <li>Bitcoin funding rate hovers at 5-15%, down from a high of nearly 90% in early 2024.</li>
 <li>The U.S. election could act as a catalyst for increased trading in the crypto market.</li>
</ul>
The crypto market is in a holding pattern, with Korean crypto trading volumes dropping and Bitcoin funding rates remaining low. As Bitcoin hovers above $68,000, market participants are keeping a close watch on the upcoming U.S. presidential election, hoping it might stimulate renewed trading activity.
<a href="https://x.com/Matrixport_EN/status/1850800920457830781" target="_blank" rel="noopener noreferrer nofollow">Data</a> from Matrixport shows a sharp decline in Korean crypto trading, a region traditionally active in altcoin markets. Trading volumes in Korea, which once reached $16 billion earlier this year, now sit between $2 billion and $4 billion. This decrease has weakened altcoin rally potential, slowing momentum across the broader crypto market.
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 <a href="https://twitter.com/hashtag/Matrixport?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Matrixport</a> Today <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> – Oct 28: Crypto Market Awaits Spark as <a href="https://twitter.com/hashtag/Korean?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Korean</a> Volumes Lag and U.S. Election Looms<a href="https://twitter.com/hashtag/cryptomarket?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#cryptomarket</a> <a href="https://twitter.com/hashtag/MarketTrends?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MarketTrends</a> <a href="https://twitter.com/hashtag/MarketInsights?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MarketInsights</a> <a href="https://twitter.com/hashtag/CryptoInvesting?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CryptoInvesting</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/BTCETF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTCETF</a> <a href="https://twitter.com/hashtag/USElection2024?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#USElection2024</a> <a href="https://t.co/0GfmCy0Pse" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/0GfmCy0Pse</a>— Matrixport Official English (the only official X) (@…
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The post <a href="https://coinedition.com/crypto-market-stalls-as-korean-trading-drops-u-s-election-in-focus/" rel="noopener noreferrer nofollow">Crypto Market Stalls as Korean Trading Drops, U.S. Election in Focus</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Market Stalls as Korean Trading Drops, U.S. Election in Focus

Coin Edition

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