A sudden decrease in Bitcoin's value to $65,000 was linked to South Korea's imposition of martial law. This government action led to restricting market participation to only a few players, which caused liquidity to drop sharply.
An analyst attributed this price crash to South Korea's stringent market controls that minimized the number of active participants, further exacerbated by the general climate of uncertainty under martial law.
The situation underscores the fragile balance between regulatory measures and cryptocurrency market stability.
