After a tense week filled with skirmishes, India and Pakistan agreed with a cease-fire today at 5 p.m. local time. The announcement of the ceasefire should be welcomed by rescue in the financial markets, which feared an escalation of the third major conflict in recent times. Cryptographic markets are also likely to maintain the bullish momentum in the midst of these favorable macroeconomic factors.
Bitcoin volatility in the middle of increasing tensions
On April 22, five terrorists targeted tourists in the Pahalgam region in cashmere, killing 25 Indians and a Nepalese citizen. Shortly after, India took several non -military measures, including the suspension of the Industry Water Treaty. On May 6, India launched precision missile strikes in nine places across Pakistan, targeting its “terrorist infrastructure”.
After the attack, the price of Bitcoin fell sharply below $ 97,000 while investors feared a new escalation. However, the markets rebounded quickly while India continued to emphasize that its actions were unconcluded. In addition, while the American-Chinese trade tensions were relaxed, Bitcoin joined to reach $ 104,000 on Saturday hours.
Ceasefire to stimulate regional stability
Over the past four days, the two countries have continued to exchange shots along the control line and the international border. In addition, many civilians and military infrastructure would have been affected on both sides due to the growing number of air strikes and drones. World leaders have praised the announcement of the ceasefire as a welcome stage for regional stability.
Indian foreign secretary, Vikram Misri, said on Saturday evening
The Director General of Military Operations (DGMO) of Pakistan called the DGMO of India at 3.30 p.m. (3.30 p.m.) this afternoon. It was agreed between them that the two parties would cease all shots and military action on earth, in the air and at sea with effect from 5 p.m. (5 p.m.). »»
Trump salutes the “common sense and great intelligence” of the two countries
The United States and President Trump would have played a crucial role in de-escalation. THE President published on TRUTH Social::
After a long night of talks mediated by the United States, I am happy to announce that India and Pakistan have accepted a complete and immediate ceasefire. Congratulations to the two countries for having used common sense and great intelligence. Thank you for your attention to this question!
Historically, geopolitical conflicts have gone in both directions for cryptographic markets: while some investors continue to buy or have assets such as Bitcoin as a safe haven, others move towards the sale of panic at risk, leading to price volatility. While the de -escalation of the conflict reduces uncertainty, analysts predict that bitcoin could exceed the levels of $ 110,000 soon, supported by a strong institutional interest.
Deekshith Pinto
Deekshith is an experienced editor -in -chief with more than a decade of experience in the news and media industry. He started his career as an engineer at Toyota, but quickly exchanged tools for narration. After his master's degree at the University of Nalanda, he joined Times Internet as an editor. In the coming years, he has been editor-in-chief of the Indian offices of several international platforms, mainly the meteorological chain and the initiate of business. He climbed these two large platforms and supervised dynamic teams of young writers and content creators. His editorial instincts are motivated by a passion for narration, a fascination for data and just the good amount of chaos to keep things interesting.
Warning: The content presented may include the author's personal opinion and is subject to the market state. Do your market studies before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
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