Crypto Volume in South Korea Surges After False Tariff News
South Korea’s crypto market experienced a sharp spike in trading volume on April 8, 2025, following the circulation of false information suggesting that the United States was suspending tariffs on imported goods.
The misleading news rapidly spread across social media and local forums, sparking a surge in investor activity. Believing the news signaled a potential boost to global trade and economic stability, South Korean traders flooded the market, pushing up buying pressure.
As a result, major cryptocurrencies saw prices jump by nearly 9%, with Bitcoin, Ethereum, and several altcoins reacting sharply to the rumors. The spike was short-lived, however, as officials quickly debunked the news, cautioning investors to verify sources before making decisions.
The incident highlights the high sensitivity of crypto markets to geopolitical narratives and the ongoing need for accurate, timely information in an increasingly fast-moving digital economy.
#HotTrends #TrendingTopic #TrumpTariffs #BinanceSquareFamily #Binance