Bitcoin just experienced a "flash crash" on South Korea's largest exchange, Upbit, as the price dropped to a low of around 61,500 USD (equivalent to 88,260,000 KRW) before quickly recovering. 📉

This event occurred in less than 15 minutes, causing the price of Bitcoin to drop by about 30%. The main reason seems to be due to South Korean President Yoon Suk Yeol declaring martial law, causing political instability and strong market volatility.

Currently, Bitcoin is trading around 95,500 USD on international exchanges, down 1.6% on the day. Analysts forecast the possibility of a prolonged correction, which could bring the price down to 90,000 USD. 🌐