Daily trading value on Upbit, a domestic virtual asset exchange, fell to its second-lowest level since 2021.
According to the virtual asset industry on the 10th, as of 2 a.m. the day before, Upbit's trading value for the previous 24 hours totaled about 430 billion won. Among 2,137 trading days counted since Jan. 1, 2021, that is the second-smallest figure after the record low of about 423 billion won set on Aug. 9 this year.
Global virtual asset data platform CoinGecko said Bithumb's 24-hour trading value stood at around 200 billion won as of the previous day. That is a sharp drop compared with Bithumb's usual 24-hour trading value of around 1 trillion won.
"With Bitcoin moving sideways and liquidity in altcoins (virtual assets other than Bitcoin) weakening, it will be hard to find momentum for a recovery in trading volume for a while," a virtual asset industry official said.
