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Single-day trading volume in South Korean crypto market surges to $34 billion, a new high for the year

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2024-12-04 04:27:36
According to The Block, South Korean President Yoon Seok-yuk's declaration of martial law triggered a surge in the trading volume of the South Korean crypto market to $34 billion in 24 hours, a new high for the year. Among them, Upbit's trading volume reached $27.25 billion.
Martial law led to a panic sell-off in the market, with the price of bitcoin falling to $62,182 at one point and services were disrupted on several exchanges. Six hours later, martial law was rejected by Congress, and the market gradually returned to stability.
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