The United States imposed martial law last night, which caused a huge drop in the local cryptocurrency exchange and led to a decline in the overall crypto market. The crypto and traditional financial markets suffered a heavy blow during this period. FUD sentiment exploded instantly after the ban was issued. Specifically, it includes: 1- Bitcoin plunge: On the Upbit exchange, the price of Bitcoin plunged 30% in a short period of time, and the lowest fell to around US$62,000. XRP fell even more, with a short-term plunge of 60%, from US$2.9 to US$1.16;
2- Upbit's excessive trading volume caused service interruption: Due to a short-term surge in the number of traders, Upbit also issued an announcement stating that the Upbit application was delayed and interrupted due to excessive traffic;
But half an hour later, it was basically all pulled back. It is said that during the plunge of the Smecta exchange, more than 100 million US dollars rushed in to buy the bottom, and they made money as soon as they speculated. Bitcoins below 70,000 must be really good.
As soon as the Smecta Exchange plummeted, Inscription started to take off, and Audi, SATS, RATS, PIZZA, etc. all rose by dozens of points.
