【Cryptocurrency trading volume surpasses stock market, Bitcoin surge puts pressure on South Korean small-cap stocks】Golden Finance reports that Bitcoin is soaring, which has put pressure on South Korea's small-cap stocks. Since Trump won the election on November 5, Bitcoin has skyrocketed nearly 35%, while the KOSDAQ index, which is primarily composed of small-cap stocks, has dropped 8%, potentially becoming the worst-performing index in Asia this year. Analysts say part of the decline is due to small investors selling stocks to invest in Bitcoin, exacerbating the index's roughly one-fifth market value evaporation this year. Currently, the trading volume on South Korean cryptocurrency exchanges has exceeded that of the benchmark KOSPI index. NH Investment & Securities digital asset analyst Hong Songuk stated that since Bitcoin spot ETFs are banned in South Korea, investors are flocking to leverage funds that engage in Bitcoin futures trading, while others are buying shares of MicroStrategy (MSTR.O).

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