Hold onto your hats, folks! Bitcoin just took a wild ride on the rollercoaster of South Korea's Upbit exchange, plummeting a jaw-dropping 30% in the blink of an eye. Can you believe it? One minute it was cruising along, and the next, it nosedived to around $61,500 before bouncing back like a rubber ball.
Picture this: on a 1-minute chart, it was a blink-and-you'll-miss-it moment. Bitcoin's price tumbled to 88,260,000 KRW, losing nearly a third of its value in mere minutes. But just as quickly, it dusted itself off and got right back up, leaving traders gasping for air.
So, what sparked this crypto chaos? It seems South Korea's president, Yoon Suk Yeol, dropped a bombshell, announcing martial law during a speech in Seoul. This political shake-up sent shockwaves through the market, cranking up the volatility dial to maximum.
Meanwhile, on the global stage, Bitcoin is currently chilling at around $95,500, just a smidge down by 1.6% for the day. Some market gurus are whispering about a potential prolonged dip that could see it dip to $90,000. Keep your eyes peeled, because the crypto world never sleeps, and who knows what’s next on this thrilling ride!
