South Korean President Yoon Seok-yue suddenly declared the implementation of emergency martial law, aiming to eliminate pro-North Korean forces and safeguard the country's constitutional system. This move triggered turmoil in the South Korean cryptocurrency market, with the prices of multiple currencies plummeting by more than 20%, including XRP, DOGE, and XLM.
Bitcoin fell to $63,000 on major exchanges, with other cryptocurrencies also affected, falling between 20% and 40%. Yin Xiyue said that the move was to protect the country from threats from North Korean forces and to eradicate anti-national forces.
The South Korean cryptocurrency market was generally affected by the news, with Bitcoin once falling to $94,000 and now recovering to the $95,000 level. Overall, the dynamics of politics and cryptocurrency markets have attracted widespread attention and discussion.
