Major crash!!!
Major crash!!!
A black swan is here!!!
Due to sudden changes in South Korea, President Yoon Suk-yeol announced an emergency martial law late at night, resulting in severe fluctuations in the South Korean cryptocurrency market.
The BTC price on Upbit exchange plummeted by 30%, once falling to $66,500,
XRP dropped a shocking 60%, swiftly declining from $2.9 to $1.16.
The main opposition party, the Democratic Party of Korea, urgently summoned lawmakers to the National Assembly, while the ruling party leader Han Dong-hoon publicly opposed the implementation of martial law, vowing to take countermeasures. This series of disputes not only intensified market panic but also led to a market crash, with long positions liquidating $160 million in just one hour. South Korea, brothers, let’s crush them!!