Analysis: As the Nikkei index plummets, trading volume on the Japanese cryptocurrency exchange Bitflyer surges by 200%
According to market news, as the Japanese stock market's Nikkei index plummeted, the Tokyo-based cryptocurrency exchange Bitflyer saw a surge in trading volume. CoinGecko data shows that Bitflyer's 24-hour trading volume increased by 200%, far exceeding Coinbase's 112% and Binance's 75%. Meanwhile, South Korea's Upbit rose by 27.1%, and Bithumb increased by 49%.
Trading data during the Asian session indicated that Bitcoin against the Japanese yen rose by about 2.05%, outperforming the 1.86% increase against the US dollar and the 1.64% rise against the South Korean won, reflecting both the weakening yen and the surge in trading activity in Japan. The Japanese stock market fell by about 6.5% on Monday, while the South Korean composite index dropped about 8%, triggering a circuit breaker. Analysts pointed out that the South Korean market reacts more severely to oil price shocks due to its heavy reliance on imported energy, with about 70% of crude oil coming from the Middle East. Although the Japanese stock market also experienced a significant decline, its constituent stocks are more diversified and relatively more resilient, which explains why cryptocurrency trading in Japan surged despite the stock market downturn.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

US SEC Plans to Restart Public Token Financing as ICO Market Demand Weakens

Federal Reserve Holds Rates Steady at 9-3 Vote, Stock and Long-Term Bond Markets Shaken

8 Years of 'Friendship': Internet Celebrity Di Shi Reveals He Was Defrauded of Millions by Sun Zeyu

HashKey Cloud Participates in Stacks' First Genesis Bond Cycle

Bitcoin Coinbase Premium Rises to Zero as Market Buying Weakens

Historically Unique: An Asset with 100% Winning Rate Over 4 Years

Strive CEO Predicts Bitcoin Will Surpass $500,000 in the Next 4-5 Years

Divergent Interpretations on Dollar Weakness

Bitcoin Faces Seasonal Pressure in September, Dependent on ETF Fund Flows and Spot Demand

Arthur Hayes recommends BTC ETF over MSTR investment

Potential Taxable Activities for Cryptocurrencies in 2025 Estimated at Approximately 73 Trillion Yen = Chainalysis

BTC Transfer from Kraken: 843 Bitcoins Leave the Exchange to Unknown Wallet

August 28 Cryptocurrency: Bitcoin May Surpass Gold's Market Cap, Predicts Binance Founder

Mysterious $23 Million Bitcoin-Monero Swap: The Viral Video That Raises Questions

Increase in Dollar Bullish Bets to 57.2%

Bitcoin’s bottom signal is flashing, but six months of data shows a trap waiting for early buyers

USDT, USDC supply increases by 1.7 billion in August 2026

New Zealand ACT party proposes tax exemption for long-held crypto gains

$7 Billion Investment in Gold and Bitcoin Funds in 5 Days

Bitmine Generates 98% of Revenue from Ethereum Staking

Is the Jackson Hole central bank retreat now a crypto conference?

HAM Launches Hedged Bitcoin ETF HBIT

Grayscale Claims ZEC Has Potential to Challenge Bitcoin's Market Share

Loss of $5,699,22 Due to Weak Recovery Phrase

Hammack Emphasizes Fed Independence and Need for Rate Hikes

Coinbase Opens Real Estate to Millions of Bitcoin Holders

Reduction in Institutional Fund Outflows in July, ETF Rebounds at Month-End

Genius Group Announces $1.2 Billion Capital Plan to Fund AI Treasury and Bitcoin Treasury

Bitcoin Holds Steady at $80,000 as Traders Focus on Walsh's Speech










