"The Party Advances President Yoon's Impeachment... The Volatility of the Virtual Asset Market Will Continue"

Following the Korean party's push for the president's impeachment, there is a forecast that the volatility of the virtual asset (cryptocurrency) market will continue.

On the 4th (local time), the virtual asset specialized media Doublelog reported, "Although the impeachment motion became ineffective just six hours after President Yoon Suk-yeol announced the execution of martial law last night, the impeachment process is underway as citizens and the party react."

Due to this, the prices of virtual assets such as Upbit and Bithumb plummeted, and the system was suspended due to a traffic surge. Although prices have since recovered, analysts see the impact on the market as continuing.

Min Jung, a press analyst, predicted, "Additional risks like impeachment could bring volatility to the Korean market, but its influence is expected to be limited to short-term changes in Korea."

Lee Seung-hwa, a Dispread Research official, also explained, "Ripple (XRP), which is particularly popular among Korean traders, saw a much larger drop than other virtual assets. The influence of Korean investors could also significantly impact the global market."