Indian Foreign Secretary Tang Yongsheng announced on May 10 that India and Pakistan have reached a ceasefire agreement. Previously, Pakistani Foreign Minister Qureshi had also stated that both sides agreed to ceasefire. This news marks a de-escalation of tensions in the India-Pakistan region, providing a positive signal for regional peace and stability.
In the short term, the ceasefire news has alleviated market risk aversion, and investors' risk appetite may rebound, prompting some funds to flow back into the cryptocurrency market, providing certain support for its price. However, in the long term, as the India-Pakistan situation stabilizes and the global financial market environment improves, the cryptocurrency market will face more intense competition with other assets, and its price trends will depend more on its own fundamentals and technological innovation capabilities.