Whales Scoop up Discounts in Crypto Markets As South Korean Government Suddenly Declares Martial Law
Volatility rocked the Korean crypto markets on Tuesday after the government briefly declared martial law, sending Korean Won (KRW)-priced digital assets into discount territory.
South Korean President Yoon Suk Yeol declared martial law in a seemingly politically motivated move, prompting the military to attempt to enter parliament in Seoul.
However, shortly thereafter, every single member of Korean parliament voted against the president’s declaration, making it invalid.
During the commotion, BTC prices in KRW dipped dramatically.
Says Korean-based CryptoQuant CEO Ki Young Ju,
“South Korea’s financial markets are in chaos because of the president’s political show.”
Traders often watch the price…
