South Korea Sees $34b Crypto Surge Amid Martial Law And Trader Panic

Suswati Basu, ReadWriteWeb
Wed, 12/04/2024 - 4:23am

South Korea experienced an unprecedented 24 hours as crypto trading volumes soared to a record $34.2 billion. The dramatic surge coincided with President Yoon Suk-yeol’s late-night declaration of emergency martial law on Tuesday (Dec. 3), citing threats to democracy from “anti-state” forces. The announcement fueled panic among traders, driving crypto activity on platforms like Upbit, Bithumb, and Coinone to levels surpassing South Korea’s Kospi equity index—a milestone not seen since Donald Trump’s election victory.

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BING NEWS:

South Korea sees $34B crypto surge amid martial law and trader panic
South Korea’s crypto trade hits $34.2B during martial law chaos as Bitcoin prices plunged locally and held stable globally.
12/3/2024 - 10:23 pm | View Link
South Korea’s martial law sparks record-breaking crypto trading surge, reaching $34B in volume
The implementation of South Korea’s martial law has unexpectedly driven the country’s cryptocurrency market to new heights.
12/3/2024 - 8:02 pm | View Link
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South Korea Sees $34b Crypto Surge Amid Martial Law And Trader Panic

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