Bitcoin prices are falling nearly 5% compared to the previous day due to concerns over President Yoon Suk-yeol's declaration of martial law.
As of 11:32 PM on the 3rd, Bitcoin is trading at 126.19 million KRW on Upbit, the top domestic cryptocurrency exchange, down 5.50% from the previous session.
At the same time, on the global cryptocurrency market tracking site CoinMarketCap, Bitcoin is trading at $93,899.46, down 2.35% from the previous session.
The influence on domestic Bitcoin prices appears to be greater, reflecting the characteristics of the domestic cryptocurrency exchange market.
Altcoins are also experiencing a simultaneous decline. Ripple is trading at 3,220 KRW, down 15.33%, while Ethereum (-15.30%), Stellar Lumens (-15.02%), Dogecoin (-13.81%), Ada (-10.44%), and Sandbox (-7.67%) are all on a downward trend.
Meanwhile, domestic coin exchanges such as Upbit and Bithumb experienced temporary access errors due to a surge in traffic.
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