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The South Korean Crypto Assets market has pumped due to a $1 billion short positions squeeze and improving geopolitical sentiment.
South Korean individual investors are beginning to invest in XRP and Dogecoin, with (DOGE) seen as a sign of risk appetite returning, especially among speculative investors.
At local exchanges, these two tokens surpassed the trading volume of Bitcoin (BTC) and Ethereum (ETH) in the past 24 hours. According to some investors, this rise occurred against the backdrop of easing trade tensions between the US and China, as well as macroeconomic indicators suggesting potential interest rate cuts in the coming months, reigniting a risk appetite environment in the cryptocurrency and stock markets.