{"id":143925,"date":"2024-12-04T15:30:29","date_gmt":"2024-12-04T13:30:29","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143925"},"modified":"2024-12-04T13:10:20","modified_gmt":"2024-12-04T11:10:20","slug":"record-crypto-trading-surge-in-south-korea-amid-martial-law-declaration","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/record-crypto-trading-surge-in-south-korea-amid-martial-law-declaration\/","title":{"rendered":"Record Crypto Trading Surge in South Korea Amid Martial Law Declaration"},"content":{"rendered":"

This uptick came as President Yoon Suk-yeol declared<\/a> <\/strong>emergency martial law on Tuesday night, citing threats to democracy posed by \u201canti-state\u201d forces. The announcement triggered a flurry of activity on the country\u2019s crypto exchanges, with Upbit, the largest exchange, handling over $27 billion worth of trades.<\/p>\n

The trading volume nearly doubled the previous day\u2019s record, which had already surpassed the daily turnover of the stock market. As the situation unfolded, Bitcoin\u2019s price on Upbit briefly dropped to 88 million won ($62,182), and other cryptocurrencies also saw price drops. The surge in trading caused significant strain on exchange platforms, leading to service outages.<\/p>\n

After six hours, President Yoon lifted the martial law following strong opposition from lawmakers, who voted against its enforcement. This political turmoil has prompted the opposition party to threaten legal action, including charges of treason against the president and other officials.<\/p>\n