๐จ Bitcoin Pulls Back from $97K as Geopolitical Tensions Rise, Cardano ๐ Leads Altcoin Rally
๐ Market volatility is rising as India-Pakistan tensions heat up and U.S.-China trade talks take center stage.
๐ Key Highlights:
$BTC surged past $97,000, then slipped to $96,500 after India's airstrikes in Pakistan ๐ฎ๐ณ๐ต๐ฐ.
๐ก๏ธ Investors are turning to Bitcoin as a hedge against global uncertainty.
๐ Cardano ($ADA ) led altcoins with a 3% gain in the past 24 hours.
๐น Bitcoin Cash ($BCH ) and Litecoin (LTA) soared up to 10%.
๐ Bitcoin dominance is near 55%, with wallet activity and hash rate both climbing.
๐ Whatโs Moving the Market?
Bitcoinโs spike is driven by:
๐ฅ India-Pakistan conflict, especially Indiaโs Operation Sindoor
๐งพ Optimism around U.S.-China trade talks ๐บ๐ธ๐จ๐ณ
๐ Caution ahead of the Federal Reserveโs interest rate decision
๐ฌ Nick Ruck, director at LVRG Research, says:
โVolatility is surging, and Bitcoin is showing strength as a hedge against geopolitical and economic risks.โ
๐ Altcoin Performance:
๐ข ADA leads with a 3% rise
๐ถ DOGE, ๐ง XRP, ๐งฑ BNB, and ๐ง ETH gained under 2%
๐ BCH and LTC jumped up to 10%
๐ผ The CoinDesk 20 Index (CD20) added nearly 2%
Meanwhile, Ethereum (ETH) is still trading in a tighter $1,600โ$1,900 range, with slower momentum compared to Bitcoin. Investors are cautious but gradually rotating capital into altcoins.
