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A tumultuous year for the won and cryptocurrencies

Won steady at 1,428 per USD: As of December 10, 2024, South Korea’s won has stabilized at 1,428 KRW per USD. This follows a volatile week where it dropped to a two-year low of 1,442 KRW per USD. Ongoing political instability challenges further gains in currency strength.

BTC rebounds in krw market: Following a drastic 30% drop, Bitcoin has stabilized around 1,390,000 KRW. The local crypto market is showing signs of recovery, with KEY cryptocurrencies such as XRP also rebounding. Bitcoin’s trading value in KRW improved nearly 12% from its six-month low.

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