Bitcoin Dominates as Over Half of South Koreans Report Crypto Trading Experience

A recent survey highlights the widespread adoption of cryptocurrency trading in South Korea, with Bitcoin leading the market. Over half of the respondents have engaged in crypto trading, and a significant portion reports profitable investments.

Over Half of South Koreans Have Crypto Trading Experience

A survey conducted by the Korea Financial Consumer Protection Foundation revealed that over half of South Korean adults have traded or currently trade crypto. Specifically, 52% of respondents stated they had made a profit through their crypto investments. Notably, over three-quarters of respondents had traded or currently hold Bitcoin (BTC). The survey involved 2,500 individuals aged 19 to 69 residing in Seoul, Gyeonggi Province, and six other metropolitan areas.

Bitcoin Surges Amid Weakening US Dollar

Bitwise Asset Management’s Weekly crypto market Compass notes that Bitcoin’s recent outperformance reflects growing structural divergence from risk assets. The cryptocurrency hit $88,800 today, its highest level since early March. The weakening of the US Dollar Index, amid speculation that President Trump may seek to remove Federal Reserve Chair Jerome Powell, has undermined demand for dollar-denominated stores of value. This shift in investor psychology has contributed to Bitcoin’s rise.

Bitcoin Could Surge to Record High Amid Fed Independence Concerns

Bitcoin (BTC) may reach new all-time highs due to concerns over the independence of the US Federal Reserve. President Trump is exploring options to remove Fed Chair Jerome Powell before his term expires. This uncertainty, coupled with Trump’s pressure to cut interest rates, has driven BTC above the $90,000 mark for the first time since March. Powell remains committed to a data-driven approach in line with the Fed’s dual mandate.

Bitcoin Trades Near $90K, Cost Basis Zones Highlight Key Levels

Bitcoin has reclaimed ground lost during its recent corrective phase, trading at approximately $89,062, up 2.3% in the last 24 hours. As the $90,000 mark approaches, investor behavior and their average cost basis are under scrutiny. On-chain analysis by CryptoQuant contributor Crazzyblockk has revealed key cost basis levels across Bitcoin holder segments, providing insights into potential price reactions.

Bitcoin Price Topped? MVRV Z-Score Indicates Potential Peak

Analysts debate whether Bitcoin’s surge to $109,000 earlier this year marked the market top. A technical analysis combining MVRV Z-Score and monthly RSI suggests warning signs that Bitcoin’s market top may already be in. Specifically, Bitcoin’s MVRV Z-Score has broken below a long-standing uptrend support line, reinforcing this view.

GoMining Turns Bitcoin Mining into Competitive Gaming with Miner Wars

GoMining has introduced Miner Wars, a league-based competitive gaming platform for Bitcoin mining. With over 245,000 active miners, the platform distributes a prize pool of 1 BTC every day. The game leverages GoMining’s global infrastructure, including nine data centers with a combined capacity of 7.5 M TH/s. Miner Wars uses digital miners, tradeable NFTs representing a share of GoMining’s industrial-scale hardware. By purchasing a digital miner, users can commit terahashes to GoMining’s pools and receive proportional rewards. These NFTs also serve as entry keys for Miner Wars rounds, which occur 120–150 times daily.