Golden Finance reported that according to The Block, South Korean President Yin Xiyue’s declaration of martial law triggered a surge in South Korean crypto market trading volume to $34 billion within 24 hours, a new annual high. Among them, Upbit’s trading volume reached US$27.25 billion. Martial law led to panic selling in the market. The price of Bitcoin once fell to $62,182, and many exchanges experienced service interruptions. Six hours later, martial law was rejected by Congress, and the market gradually returned to stability.