🚨 Bitcoin Pulls Back from $97K as Geopolitical Tensions Rise, Cardano 🚀 Leads Altcoin Rally
🌍 Market volatility is rising as India-Pakistan tensions heat up and U.S.-China trade talks take center stage.
🔍 Key Highlights:
$BTC surged past $97,000, then slipped to $96,500 after India's airstrikes in Pakistan 🇮🇳🇵🇰.
🛡️ Investors are turning to Bitcoin as a hedge against global uncertainty.
🚀 Cardano ($ADA ) led altcoins with a 3% gain in the past 24 hours.
💹 Bitcoin Cash ($BCH ) and Litecoin (LTA) soared up to 10%.
📈 Bitcoin dominance is near 55%, with wallet activity and hash rate both climbing.
🌐 What’s Moving the Market?
Bitcoin’s spike is driven by:
🔥 India-Pakistan conflict, especially India’s Operation Sindoor
🧾 Optimism around U.S.-China trade talks 🇺🇸🇨🇳
📊 Caution ahead of the Federal Reserve’s interest rate decision
💬 Nick Ruck, director at LVRG Research, says:
“Volatility is surging, and Bitcoin is showing strength as a hedge against geopolitical and economic risks.”
📊 Altcoin Performance:
🟢 ADA leads with a 3% rise
🐶 DOGE, 💧 XRP, 🧱 BNB, and 🧠 ETH gained under 2%
🚀 BCH and LTC jumped up to 10%
💼 The CoinDesk 20 Index (CD20) added nearly 2%
Meanwhile, Ethereum (ETH) is still trading in a tighter $1,600–$1,900 range, with slower momentum compared to Bitcoin. Investors are cautious but gradually rotating capital into altcoins.