Here’s your crypto news roundup: • Bitcoin’s Record High an | Bitcoin & Crypto Trading

Here’s your crypto news roundup:

• Bitcoin’s Record High and Retraction: Bitcoin (BTC) once again broke its own record, reaching over $72,000 before experiencing a sharp decline. It is currently trading at around $71,660, showcasing the continued volatility of the cryptocurrency market.
• South Korea’s Crypto Surge: Trading volumes on Korea-based crypto exchanges hit a record 12 trillion won on Sunday, surpassing the KOSPI stock market’s volume of 11.47 trillion won on Friday. Koreans are increasingly favoring high-risk, high-return investments, particularly altcoins over major assets like BTC or ETH. The “Kimchi premium” highlights strong retail demand, with Korean investors willing to pay a premium for Bitcoin.
• ARK Invest’s Coinbase Offload: Cathie Wood’s ARK Invest sold over 580,000 shares of Coinbase (COIN), worth approximately $149.85 million, marking the largest sale of Coinbase stock by ARK since mid-February. The move comes as Coinbase shares have soared by over 80% in the last month, driven by a nearly 50% rally in Bitcoin’s price during the same period.
• Unibot’s Price Drop: The native token of trading application Unibot (UNIBOT) plunged 40% on Monday after ending its collaboration with the Solana group over security concerns. The token’s price has slightly rebounded but remains down over 30% in the last 24 hours.

Stay tuned for more updates in the world of crypto!

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