Regarding the latest situation of South Korea lifting the ban, stay vigilant and avoid blind selling.
Recently, the South Korean government issued an emergency ban, which temporarily blocked trading on many crypto exchanges in South Korea and caused violent market fluctuations. Among them, the prices of some mainstream currencies once plummeted to 60,000 to 70,000, the price of Ethereum dropped to more than 2,000, and the market share of altcoins also shrank significantly to 30 to 40%. However, as a large amount of funds poured in to buy the bottom, the price of the currency subsequently rebounded strongly. According to incomplete statistics, yesterday's small family's long order made a profit of at least 2,000-3,000 points, and Ethereum's profit margin could also reach 100-150 points.
In the early morning of December 4, the South Korean Congress held an emergency meeting on the issue of lifting the emergency ban. A total of 190 members attended the meeting, and after voting, 170 members ultimately approved the lifting of emergency martial law. After South Korea's National Assembly Speaker Woo Won-sik declared the emergency ban invalid, the market gradually returned to normal. Although the ban has been lifted, investors still need to exercise caution to prevent unpredictable market fluctuations.
Pay close attention to market dynamics, analyze the market rationally, do not be afraid of the bull market, and do not blindly follow the trend. At the same time, it is also recommended that investors must do risk management when investing in cryptocurrency to ensure the safety of funds.
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