🔫 Missiles & Markets: How War Shook the Crypto World 🧨

India–Pakistan Missile Strikes Rattle Markets

On May 6, India launched missile strikes in retaliation for a bombing in Kashmir. Pakistan responded in kind, sending regional tensions soaring.

🪙 Crypto Market Reactions:

• $BTC spiked 4% before crashing below $95K amid panic selling.

• $ETH dipped ~2%, reflecting a risk-off sentiment.

• $USDC and other stablecoins surged in P2P demand across India and Pakistan.

• Cold wallet transfers and on-chain activity spiked as investors moved to safety.

🌍 Why It Matters:

Crypto showed its dual role—a safe haven during uncertainty but also a high-volatility asset.

P2P platforms in South Asia experienced record traffic as locals turned to stablecoins amid banking concerns.

This conflict is a stark reminder: geopolitical shocks now echo across the crypto landscape.

#CryptoNews #IndiaPakistan #bitcoin #USDT #Stablecoins #Geopolitics #BTC #ETH