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Bitcoin's volatility is often exacerbated during periods of political instability, and this situation was no exception. Following the announcement of martial law, the cryptocurrency markets reacted swiftly, resulting in a flash crash that saw Bitcoin trading at significantly lower prices on Upbit compared to other exchanges. By Wednesday, however, Bitcoin had rebounded and was trading above $95,000, albeit still at a slight discount from the global average price of approximately $96,000, according to Coindesk data.