Tonight, a sudden 'calamity' shocked the global cryptocurrency market: the Korean won experienced significant fluctuations, and the price of Bitcoin plummeted to $93,000 at one point. This collapse was like a sudden 'financial hurricane,' and it may directly lead to a breakdown of the entire crypto space.
### Source of the Problem: Escalation of Domestic Political Conflict in South Korea
According to the latest news, the trigger for this market upheaval stems from the abrupt deterioration of the domestic situation in South Korea. President Yoon Suk-yeol suddenly announced **'emergency martial law'** late at night, marking a peak in the struggle between domestic factions. The implementation of emergency policies directly triggered panic selling, causing the won to flash crash, leading to a severe market depth issue.
