Korean traders are driving a surge in the price of Bitcoin SV (BSV), with a 65% increase in the past 24 hours. Upbit, South Korea's largest exchange, is heavily involved in the trading activity, accounting for 65% of the trading volume. Despite Coinbase's announcement to discontinue support for BSV in January 2024, the cryptocurrency is currently trading at $85.26, up 74% in the last seven days and 55% in the past 24 hours. In addition, Bitcoin has crossed the $43,000 mark once again, contributing to an overall market cap of $1.71 trillion. The market's focus is on the potential approval of a spot Bitcoin ETF, with analysts speculating it could happen in the first week of January 2024. Upbit remains the dominant exchange in South Korea, holding an 80% market share, while other major exchanges like Bithumb, Coinone, and Korbit also have notable positions.
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