TechFlow news, December 4 — According to The Block, South Korean cryptocurrency exchanges recorded over $34 billion in trading volume over the past 24 hours, hitting a new annual high. Upbit alone handled $27.25 billion in trading volume.
Previously, market panic caused by martial law led South Korean traders to rush to sell cryptocurrencies on local exchanges, causing Bitcoin's price on Upbit to drop as low as $62,182. Most other cryptocurrencies on major South Korean exchanges also saw price declines, while these platforms experienced service disruptions due to surging trading activity.
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