South Korea’s political turmoil triggered a sharp decline in Bitcoin’s Korea Premium Index, causing flash crashes in Bitcoin and XRP prices.and its rapid reversal have rattled the crypto market, creating a sharp spike in volatility.
The Relative Strength Index indicates overbought conditions, suggesting that XRP’s recovery may face resistance in the short term.Additionally, the significant trading volume during the flash crash underscores heightened panic selling and subsequent speculative accumulation. Analysis showed that the volume spiked in the last trading session on 3rd December as the price fluctuated.
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