The cryptocurrency market is recovering, Upbit's trading volume surged by 80% in a single day, and XRP remains the favorite among Korean investors

With the recovery of the cryptocurrency market, South Korean investors are also showing a trend of returning from the stock market to the crypto space. According to CoinGecko data, South Korea's largest crypto CEX Upbit has reached a trading volume of $25.43 billion in the past 24 hours, a daily increase of 81.7%.

Data shows that the most actively traded cryptocurrency on Upbit remains XRP, with a trading volume share of 18.07%. XRP has recently outperformed ordinary altcoins, with a price increase of 11% in the past week.