The imposition of martial law in South Korea prompted a rapid surge in cryptocurrency trading on local exchanges as traders hurried to sell their assets. The sudden enforcement led to a record spike in trade volume, reaching $34 billion. This financial frenzy was driven by fear and uncertainty among investors.
The situation highlighted the sensitive reaction of the crypto market to political instability, showcasing how a domestic political move can have an immediate impact on trading volumes and market behavior. Such occurrences underline the volatile nature of cryptocurrencies and their sensitivities to geopolitical events.
Source: www.theblockcrypto.com ↗
