$BTC has now returned to above 95,000. Let's summarize the drop from tonight.

I believe many people have seen the news and are wondering if it is related to the unrest in South Korea, which has led to insufficient buying power for Bitcoin and a large amount of selling.

What is the cause? The South Korean president announced a state of national emergency during a televised broadcast, stating that the opposition party is manipulating the National Assembly and disrupting the country. He expressed his intention to clear out anti-national forces within South Korea.

Let's take a look at what Marx tweeted:

In the April 2024 election, 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 that 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 a 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 announced the invalidation of the gag order, leading to an awkward situation.

The latest news is that the South Korean National Assembly voted 190:0 in favor of lifting the gag order.

So now the market has risen again, a feint.

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