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👉LATEST UPATE ON GLOBAL POTICALS AFFECTING MARKET TRENDS 📈
⭐HOW SOUTH KOREAN MARTIAL LAW CAUSED MINOR CHANGES TO THE MARKET & WHAT COULD WE EXPECT?
On December 3rd, XRP's price dropped to $2.27 following South Korea’s declaration of martial law, which caused disruption across crypto markets, particularly on Upbit, a major South Korean exchange. Despite the initial decline, XRP rebounded, reflecting resilient investor demand.
In the latest, South Korean president faces impeachment vote as defense minister offers to resign. As news is still developing the major change in the market occurred but didn't hold it's weight which could mean that crypto market can faze through these minor political shifts for now.
Speculation surrounding former SEC Commissioner Paul Atkins as a potential pro-crypto SEC Chair nominee under Donald Trump also boosted optimism, potentially paving the way for a US XRP-spot ETF.
Meanwhile, Bitcoin (BTC) saw a minor dip, influenced by ETF inflows and US government BTC transactions, though a favorable regulatory environment could push BTC above $100,000. Both XRP and BTC are poised to benefit from evolving geopolitical and regulatory developments.
However sudden major change in the global dynamics can have dramatic outcome on crypto industry and which can potentially lead to a domino effect. On the flip side, its resilience and strength through these times will be a testament for future of $BTC & $XRP alike.
Hope for the Best & Prepare for the Worst!
It's advised, to do your own research before
making any investment decisions or consult
a financial advisor, because market volatility
may lead to significant loss.
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