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South Korea crypto market capitalization falls 33% in first half

South Korea crypto market capitalization falls 33% in first half

The market capitalization of the virtual asset market came to 58.9 trillion won ($43.4 billion) as of the end of June, sharply down from 87.2 trillion won six months earlier.

An electronic board displays cryptocurrency prices at the Bithumb Lounge in Gangnam District, southern Seoul, on Aug. 21.

The value of Korea’s virtual asset market sank 33 percent in the first half of the year, largely on falling prices of key cryptocurrencies,…

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