Golden Finance reported that Bitcoin’s rapid rise has put pressure on South Korea’s small-cap stocks. Bitcoin has soared nearly 35% since Trump won the election on November 5, while the small-cap Kosdaq index has fallen 8%, making it likely to be Asia's worst-performing index this year. Analysts said part of the decline was because small investors were dumping stocks for Bitcoin, exacerbating a rout that has wiped out about a fifth of the index's value this year. Currently, the trading volume of South Korean cryptocurrency exchanges has exceeded the trading volume of the benchmark stock index KOSPI index. Hong Songuk, a digital asset analyst at NH Investment & Securities, said that since Bitcoin spot ETFs are banned in South Korea, investors have bet on leveraged funds engaged in Bitcoin futures trading, and other investors have bought MicroStrategy (MSTR.O) of stocks.