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.
Single-day trading volume in South Korean crypto market surges to $34 billion, a new high for the year
2024-12-04 04:27:36
The block report south Korea president yoon seok-yeok announces abstinence strict triggerdesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.