From NASDAQ:

Bitcoin’s surge is driven by Asian investors, responsible for 70% of trading volumes. China sees a 12-fold increase in bitcoin searches on WeChat. U.S. regulators’ approval of spot bitcoin ETFs boosts prices. Asia traded $791 billion in bitcoin in February, with South Korea investing in futures due to ETF bans. U.S. exchanges hold 50% of global volumes, but Asian interest grows, especially in South Korea, Hong Kong, and India. Japanese regulations are more liberal compared to China’s ban on spot bitcoin ETFs. Bitcoin’s rally, driven by Asian investors, could continue due to limited supply and upcoming halving event.



Read more at NASDAQ: Cryptoverse: Asian traders give bitcoin blast-off