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Cryptocurrency markets were shaken by news from South Korea around 17 CET on Tuesday evening. South Korean President Yoon Suk-yul declared martial law in the country.
Parliament is confused.
There was no reaction from the opposition on the president’s declaration of martial law. The main opposition party summoned its MPs to the parliament. Security forces blocked the entrance of the Parliament. It has been said that army forces may arrest some opposition MPs. President Yoon Suk-yul is said to have blamed “communist forces” in the country for martial law and said there were also collaborators with North Korea.
“For a more democratic South Korea, we will expel those who help North Korea from the country,” Seok-yul said.
Bitcoin falls below 94 thousand dollars.
Bitcoin fell below $94,000 after the news broke. Altcoins have also fallen sharply. On Upbit, South Korea’s largest cryptocurrency exchange, Bitcoin fell to $79,000 in Korean Won KRW parity. Dogecoin also fell 50 percent in KRW par.
Shares in South Korean technology giant Samsung also fell about 5 percent. The Korean won also fell to a two-year low against the dollar.
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