BlockBeats news, on December 4, according to TheBlock report, South Korean President Yoon Suk-yeol announced martial law, causing the trading volume of the South Korean cryptocurrency market to surge to $34 billion within 24 hours, setting a new annual high. Among them, Upbit's trading volume reached $27.25 billion.
The martial law order led to panic selling in the market, with Bitcoin's price temporarily dropping to $62,182, and several exchanges experienced service interruptions. Six hours later, the martial law was vetoed by the National Assembly, and the market gradually stabilized.
