## Korean Stock Market Surpasses Bitcoin Market Cap The combined market capitalization of South Korea's KOSPI and KOSDAQ stock exchanges has once again overtaken Bitcoin's market capitalization. According to the Herald Economy, as of August 8th, the total market capitalization of KOSPI and KOSDAQ reached 2,955.7342 trillion KRW. ## KOSPI, KOSDAQ vs Bitcoin: A Market Cap Battle This figure exceeds Bitcoin's market capitalization of 2,952.7227 trillion KRW, calculated based on the Korean Won exchange rate. This marks a significant shift, as the Korean stock market's combined market cap had initially fallen behind Bitcoin's in November of the previous year amidst cryptocurrency market exuberance. While cryptocurrency markets remain volatile, this resurgence highlights the continued significance and stability of the Korean stock market in the global financial landscape. The performance is also affected by Korean goverment regulations and policies. ```

#BTC