Bitcoin plummets 30%, XRP cut in half!

Last night, the situation in Korea changed dramatically, as President Yoon Suk-yeol suddenly announced the implementation of an 'emergency martial law.' This news was like a bombshell, triggering violent fluctuations in the financial markets. Exchanges such as Korea Upbit immediately fell into a comprehensive crash, with Bitcoin’s price plummeting to a low of $63,000, and Ethereum also couldn't escape, dropping below the $3,000 mark. Many altcoins saw their prices significantly halved to 20-30% of their original value, and the market was instantly filled with despair. A large number of investors faced liquidation, their wealth diminished, and the hopes that once existed were obliterated in this storm.

XRP was even more dramatic, as it dropped 60% in one fell swoop, from $2.90 to $1.16.

However, the plot took a sharp turn in the early hours of December 4. The Korean National Assembly urgently convened a full meeting and unanimously passed a resolution to abolish the martial law. National Assembly Speaker Yoo Won-sik solemnly declared the martial law invalid. Faced with immense political pressure, Yoon Suk-yeol ultimately compromised, accepting the National Assembly's request to lift the martial law, and his presidential office staff collectively resigned, finally calming the situation.

The market reacted quickly as if injected with a shot of adrenaline. Cryptocurrency prices on exchanges like Upbit staged a dramatic comeback, quickly rebounding, and altcoins experienced a surge in prices. However, in this thrilling political farce and financial storm, ordinary investors became the biggest victims. Many people's losses are irreparable, and they can only helplessly swallow the bitter fruit, becoming the most innocent casualties in this chaos.