Crypto Market Volatility Spurs Surge in Trading Volume
The cryptocurrency market has seen a significant rebound in recent days, leading to increased trading activity among investors.
According to data from Upbit, South Korea's largest cryptocurrency exchange, hourly trading volume reached approximately $847 million on August 22.
This surge in trading volume coincided with sharp intraday price swings, which added to the volatility of the market.
Wu Blockchain reported that major tokens briefly plummeted around 2 p.m. on August 22 before experiencing heightened volatility.