Golden Finance reports that, according to The Block, South Korean President Yoon Suk-yeol's announcement of martial law triggered a surge in trading volume in the South Korean cryptocurrency market to $34 billion within 24 hours, setting a new annual high. Among them, Upbit's trading volume reached $27.25 billion. The martial law led to panic selling in the market, causing the price of Bitcoin to drop to $62,182, and several exchanges experienced service interruptions. Six hours later, the martial law was overturned by the National Assembly, and the market gradually regained stability.