South Korean Crypto Market Recovers After Martial Law Withdrawal

韓國解除戒嚴令後加密貨幣市場恢復

Following the initial announcement of martial law by President Yoon Suk Yeol, leading cryptocurrencies such as XRP, Bitcoin (BTC), and Dogecoin (DOGE) experienced a brief decline on the Upbit exchange. However, the crypto market swiftly recovered within hours after the withdrawal of martial law.

在總統 Yoon Suk Yeol 最初宣布戒嚴令後，XRP、比特幣 (BTC) 和狗狗幣 (DOGE) 等領先加密貨幣在 Upbit 交易所經歷了短暫下跌。然而，戒嚴令解除後數小時內，加密貨幣市場迅速恢復。

Martial Law Withdrawal

戒嚴令撤回

President Yoon Suk Yeol promptly rescinded martial law within six hours of its imposition. A cabinet meeting held at 4:30 am local time resulted in the parliament rejecting the measure, with 190 out of 300 members voting against it.

韓國總統尹錫烈在戒嚴令實施後六小時內立即廢除了戒嚴令。當地時間凌晨4點30分舉行的內閣會議導致議會否決了這項措施，300名議員中有190人投了反對票。

Impact on Crypto Market

對加密貨幣市場的影響

The imposition of martial law initially triggered a widespread decline in the crypto market, particularly affecting XRP, Bitcoin, and Dogecoin. The South Korean exchange Upbit was significantly impacted by the downturn.

戒嚴令的實施最初引發了加密貨幣市場的廣泛下跌，特別是影響了 XRP、比特幣和狗狗幣。韓國交易所 Upbit 受到經濟低迷的嚴重影響。

Recovery

恢復

Upon the lifting of martial law, XRP, Bitcoin, and Ethereum witnessed a surge in recovery. XRP, which had suffered the most, rebounded by 9.2%, followed by Ethereum's 3.3% and Bitcoin's 2.4% recovery.

戒嚴令解除後，XRP、比特幣和以太坊出現復甦。跌幅最大的 XRP 反彈 9.2%，其次是以太幣反彈 3.3%，比特幣反彈 2.4%。

White House Response

白宮回應

The White House expressed relief over the reversal of martial law, stating, "We are relieved President Yoon has respected the ROK National Assembly's vote to end it."

白宮對戒嚴令的撤銷表示寬慰，表示：“尹總統尊重韓國國民議會結束戒嚴令的投票，我們感到欣慰。”

Preceding Market Trend

前期市場走勢

Prior to the imposition of martial law, South Korea's retail crypto trading volumes had witnessed a significant increase, reaching the second-highest level in 2024. This fueled interest in high-momentum altcoins such as XRP and Cardano.

在實施戒嚴之前，韓國的零售加密貨幣交易量大幅增長，並於 2024 年達到第二高水準。