The post South Korea Martial Law Declaration Highlighted Tron Dominance: Analyst appeared on BitcoinEthereumNews.com.

Tron is up 66.5% this week, consolidating gains after South Korea’s failed power grab and martial law highlighted its popularity in that market. South Korea’s President Yoon Suk Yeol declared martial law on live television on Dec. 3. He claimed that the opposition sympathized with North Korea and declared the activities of the National Assembly (the country’s parliament), other political activities, protests, and demonstrations illegal while also putting media under military control. This was followed by the military storming the National Assembly in an unsuccessful bid to stop them from voting for the annulment of martial law. After the vote to cancel martial law was successfully concluded, the military dispersed, and the country’s Cabinet lifted martial law just hours after its establishment. Tron is up 66.5% this week, consolidating gains after South Korea’s failed power grab and martial law highlighted its popularity in that market. South Korea’s President Yoon Suk Yeol declared martial law on live television on Dec. 3. He claimed that the opposition sympathized with North Korea and declared the activities of the National Assembly (the country’s parliament), other political activities, protests, and demonstrations illegal while also putting media under military control. Source: Keyrock This was followed by the military storming the National Assembly in an unsuccessful bid to stop them from voting for the annulment of martial law. After the vote to cancel martial law was successfully concluded, the military dispersed, and the country’s Cabinet lifted martial law just hours after its establishment. The impact of this sudden chaos on the crypto market was significant, especially considering that South Korea is home to one of the largest and most reactive retail cryptocurrency markets where Bitcoin is so popular that due to strict capital controls, it often trades at a significant premium. The capital flight from South Korean…

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Filed under: News - @ December 6, 2024 8:21 pm