$BTC

$BTC has now returned to above 95000. Let's summarize tonight's decline.

I believe many people have also seen the news, and are wondering if it is related to the turmoil in South Korea, which has led to insufficient purchasing power and a large sell-off of Bitcoin.

What is the cause? The South Korean president announced on a televised broadcast that a national emergency alert will be implemented, stating that the opposition party is manipulating the National Assembly and disrupting the country. He expressed his intention to eliminate anti-state forces within South Korea.

Let's take a look at what Marx tweeted:

In the April 2024 elections, the Democratic Party and its allies are expected to secure over 170 seats out of 300, significantly surpassing the ruling People Power Party, which is estimated to have only around 100 seats. This means the opposition party holds a significant majority in the parliament, despite President Yoon Suk-yeol belonging to the ruling People Power Party.

Therefore, the opposition party has the majority in the National Assembly, while the president's party is in the minority.

Now, let's look at the latest frontline information. The Speaker of the National Assembly of South Korea has declared the gag order invalid, leading to an awkward situation.

Latest news: The National Assembly of South Korea voted 190:0 in favor of lifting the gag order.
So now the market has surged again, a feint.