The Block reported that South Korean President Yoon Suk-yeol announced martial law, which caused the trading volume of the Korean cryptocurrency market to soar to $34 billion within 24 hours, reaching a new high for the year. Among them, Upbit's trading volume reached $27.25 billion. The martial law order caused panic selling in the market, and the price of Bitcoin fell to $62,182 at one point, with many exchanges experiencing service interruptions. Six hours later, martial law was rejected by the National Assembly, and the market gradually stabilized.
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South Korea’s crypto market’s daily trading volume surges to $34 billion, hitting a yearly high
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