South Korea witnessed a significant political development on Tuesday, with President Yoon Suk Yeol declaring martial law. Following this announcement, the South Korean Won (KRW) experienced temporary fluctuations against the US dollar. Meanwhile, both Bitcoin (BTC) and Ripple (XRP) saw notable declines in value, particularly on Upbit, the leading South Korean exchange. This political unrest raises questions about its impact on investor sentiment in the cryptocurrency market. Traders are now closely monitoring these developments as they may create volatility across various assets. The ongoing situation serves as a reminder of how geopolitical events can influence financial markets, particularly in the crypto sphere.