PANews reported on December 4 that South Korean President Yoon Seok-yeol's announcement of martial law caused the crypto market trading volume to surge to $34 billion within 24 hours, setting a new annual high. Among them, Upbit's trading volume reached $27.25 billion. The martial law order caused panic selling in the market, and the price of Bitcoin once fell to $62,182. Many exchanges experienced service interruptions. Six hours later, the martial law was rejected by Congress, and the market gradually returned to stability.