This news revolves around two major topics:
1. India's missile attack on Pakistan
2. Significant change in Bitcoin's price
Brief and easy English summary:
On May 7, 2025, India launched a missile attack on Pakistan, which led to increased tensions in South Asia. Alongside this news, there was also turmoil in the financial markets, especially regarding Bitcoin's price.
Bitcoin's price had reached $97,260, but when news of the attack spread, the price suddenly dropped to $93,500. In panic, people started selling their Bitcoins, causing the price to fall further. The market saw $734 million worth of Bitcoin short positions liquidated, meaning people had bet on the price falling and now faced losses.
Later, the United States invited both countries (India and Pakistan) to negotiations, which brought a slight calm to the market, and Bitcoin's price rose again to $97,100. If tensions ease, Bitcoin's price could reach $100,000.
Summary:
Due to India-Pakistan tensions, there was a significant drop in Bitcoin's price, but if conditions improve, the price could rise again.
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