South Korea, sudden martial law. Attention, the cryptocurrency market is collectively plunging!

On the evening of December 3rd local time, South Korean President Yoon Suk-yeol suddenly delivered a televised speech, announcing the implementation of "emergency martial law." Yoon listed several reasons.

As a result of this news, the South Korean cryptocurrency market saw a collective plunge, with Bitcoin on South Korean exchanges dipping nearly 30%, down to $66,500, and Ripple experiencing a drop of 60%, falling from $2.9 to $1.16.

Among them, the Korean won exchange rate significantly decreased, with the dollar against the won increasing by 1.4% within the day; South Korean ETF (EWY) dropped over 1.8% in pre-market trading in the US, and South Korean steel manufacturer POSCO's ADR fell by 4.9% in pre-market trading in the US; Samsung Electronics' stock price in London plummeted by more than 5% at one point.

In a dynamically changing market environment, maintaining a clear mind and flexible response strategies is a quality that every investor must possess.

The future development of the cryptocurrency market will not stop due to a single event, but we need to cautiously consider potential risks and opportunities.

Continuing to be optimistic about Marvin (7055), the dog that Musk has raised for 10 years and often keeps by his side, can it not be pampered? Orders could be shouted at any moment. The community is strong, there is enough consensus and activity, welcome to join the community to observe before deciding whether to invest.