What the hell is this spike?!

A sudden disaster, the South Korean exchange crashed, and Bitcoin spiked up to 66,000, with a spike amplitude of up to 50%, while XRP was also cut in half to 1u, leading to a collapse of the entire cryptocurrency market.

This crash was caused by the intensification of the struggle between two factions in South Korea, and the South Korean president suddenly announced martial law, causing a flash crash on the exchange, which led to a global correction.

This can be considered a sudden disaster, but fortunately, none of us used that exchange over there; such spikes usually lead to contract failures.