In the past 24 hours, the crypto market has experienced a significant downturn, with major coins like Bitcoin (BTC) and Ethereum (ETH) dropping by 6.03%, while altcoins such as Solana and TRON saw steeper declines of up to 18.3% in some cases.
The primary cause of this decline could be highly related to concerns over geopolitical instability. Specifically, the announcement of martial law in South Korea by President Yoon Suk Yeol has significantly impacted investor sentiment. As South Korea is a key market for crypto trading, this event has triggered a strong wave of sell-offs, particularly on exchanges like Upbit and Bithumb.
https://bitforum.net – Crypto forum discussions about all aspects of cryptocurrency bitforum socialfi #InnovationSocialNetwork
