#Koreans dumping their own #stocks to buy more #crypto and $BTC like they do every time there is a good #BTFD opportunity? Fyi #Korea is 1 of the countries with higher % of crypto holders Hopefully the Korean government won’t freeze their accounts, a move that won’t shock me 🤓 https://t.co/fUbGJvixQj https://t.co/H3NYdnRFSY
Bloomberg: South Korea's political instability may position #Bitcoin as a "safe haven" asset. https://t.co/6QvFwtesDl
NEW: 🇰🇷 #Bitcoin could become "safe haven" trade in South Korea given political instability with attempted martial law and mass protests. $BTC broke $100K during Asia trading hours Crypto trading in South Korea is now bigger than equities - Bloomberg 🔥 https://t.co/XtVOMjanXo


In recent days, South Korea has experienced significant political unrest, leading to a temporary declaration of martial law, which was later rejected by lawmakers. During this period, Bitcoin's trading activity surged, with a 24-hour trading volume reaching a record $34 billion amid the turmoil. Bitcoin's price also saw notable fluctuations, dipping by 33% when martial law was initially declared but rebounding to surpass $100,000 during Asia trading hours after the law was rejected. Analysts suggest that Bitcoin could be viewed as a 'safe haven' asset in light of the ongoing instability, as many South Koreans are reportedly shifting their investments from equities to cryptocurrencies. This shift highlights the growing prominence of crypto trading in South Korea, which has now outpaced traditional stock trading.