Major crypto coins have experienced a huge surge in their prices, including Bitcoin (BTC), which has surged over 20% in the past month, nearly doubling its price this year. Other altcoins have been affected by the same movements in major currency prices. Taking the lead is memecoins like Dogecoin and other altcoins like LOOM from the Loom Network that surged ten times in just 8 weeks. 

主要加密货币的价格都经历了大幅上涨，其中比特币（BTC）在过去一个月上涨了 20% 以上，今年的价格几乎翻了一番。其他山寨币也受到主要货币价格同样变动的影响。处于领先地位的是像 Dogecoin 这样的 memecoin 和其他山寨币，比如来自 Loom Network 的 LOOM，它们在短短 8 周内飙升了十倍。

Other currencies recorded a rise in market price, and these movements can be linked to various events around major currencies or other macroeconomic events. Among these is the awaited spot exchange-traded funds (ETFs) approval for the major currencies, including Bitcoin and Ethereum.

其他货币的市场价格出现上涨，这些走势可能与围绕主要货币的各种事件或其他宏观经济事件有关。其中包括等待主要货币（包括比特币和以太坊）现货交易所交易基金（ETF）的批准。

 Still, they take the lead, but altcoins have also rode the same wave and recorded a rally in the past 24 hours, and analysts have linked these gains to South Korean traders. 

尽管如此，它们仍然处于领先地位，但山寨币也经历了同样的浪潮，并在过去 24 小时内录得反弹，分析师将这些涨幅与韩国交易员联系起来。

South Korean traders influence altcoin market price activities 

韩国交易员影响山寨币市场价格活动

The South Korean region has been noted to push an influx of investments, mostly on altcoins that has also displayed a green screen in the crypto market for the past 24 hours. Best performing crypto assets include LOOM and HIFI. The latter spiked by over 6,600% in the month of September alone. 

人们注意到，韩国地区推动了大量投资，其中大部分是山寨币，在过去 24 小时内，加密货币市场也出现了绿屏。表现最好的加密资产包括 LOOM 和 HIFI。后者仅在 9 月份就飙升了 6,600% 以上。

Regardless, Bitcoin has remained the top dog as its dominance has been felt since September and strongly confirmed in October. 

无论如何，比特币仍然是领头羊，因为它的主导地位自 9 月份以来就已显现，并在 10 月份得到了强有力的证实。

The rapid surge in the crypto alternative prices in the past 2 months can be traced to the South Korean investors who have been noted to place high-risk trades that have influenced the entire crypto market. 

过去两个月加密货币替代品价格的快速飙升可以追溯到韩国投资者进行的高风险交易，这些交易影响了整个加密货币市场。

Their action on price has recently caused speculative frenzies that are associated with the tokens experiencing massive gains. Upbit, a local crypto exchange’s spot trading volume, has doubled since September. 

他们的价格行动最近引发了与代币大幅上涨相关的投机狂潮。当地加密货币交易所 Upbit 的现货交易量自 9 月份以来已经翻了一番。

The analysis was based on on-chain data collected from CryptoQuant, as shared on Friday. Upbit constitutes over 85% of trading volume in Korea. The firm experienced a growth of approximately 82% in October compared to the previous month. This was an increase of $27 billion, from $32.8 billion to $59.8 billion. 

该分析基于从 CryptoQuant 收集的链上数据（周五分享）。 Upbit 占韩国交易量的 85% 以上。与上个月相比，该公司 10 月份的增长率约为 82%。增加了 270 亿美元，从 328 亿美元增加到 598 亿美元。

This created a roller coaster effect that possibly created the rising volumes attracting market makers. Traders have taken to place their investment profits in light of continuing to take advantage of the rising market. 

这造成了过山车效应，可能导致交易量不断增加，吸引做市商。鉴于继续利用不断上涨的市场，交易员已开始将其投资利润进行配置。

Crypto market enters the weekend effect

加密市场进入周末效应

Bradley Park, CryptoQuant analyst states that, “For coins that are only listed on Korean exchanges, if there is a significant increase in trading volume, listing futures on them has been popular on overseas exchanges. From an on-chain perspective, market makers are the buying power.”

CryptoQuant分析师Bradley Park表示：“对于仅在韩国交易所上市的币种，如果交易量大幅增加，那么在海外交易所上市期货就很受欢迎。从链上的角度来看，做市商就是购买力。”

Park also added that HIFI’s reserve on the Korean exchange Upbit rose by 27.5%. This was from 62 million tokens to 82.9 million digital tokens. As such, this attests to South Korea playing an influential role in the crypto market, standing in a pivotal position. 

Park还补充说，韩国交易所Upbit上的HIFI储备增加了27.5%。从 6200 万个代币到 8290 万个数字代币。因此，这证明韩国在加密货币市场中发挥着重要作用，处于举足轻重的地位。

Based on Upbit volume growth, the LOOM market surged by 238% in September and added another 100% at the beginning of October. However, the gains were reversed later in the month’s half. 

根据 Upbit 交易量的增长，LOOM 市场在 9 月份飙升了 238%，并在 10 月初又增加了 100%。然而，涨幅在半个月晚些时候出现逆转。

Additionally, major parts of the rally in decentralized borrowing and lending platform HIFI initially took place before the launch of perpetual futures tied to the token by Binance. This was in mid-September, and after the launch, the token market price turned lower. 

此外，去中心化借贷平台 HIFI 的主要上涨最初发生在币安推出与该代币挂钩的永续期货之前。那是在9月中旬，上线后，代币市场价格开始走低。

Amid all this frenzy, Bitcoin has remained at the top while the altcoin activity has surged in the South Korean crypto exchanges. Considering the ratio of Bitcoin’s capitalization and its comparison to the rest of the world, it rose from 49% to 53%.

在这一切狂热中，比特币仍然位居榜首，而韩国加密货币交易所的山寨币活动却激增。考虑到比特币的资本化比例及其与世界其他地区的比较，它从 49% 上升到 53%。