Operation Sindoor: Indian Launches Precision Strike on Pakistan’s Terror Camps; How Will Crypto Market React?

The calm summer night of May 6 was pierced by missiles striking the targeted locations across the eastern side of Pakistan as India took steps to retaliate for Pak’s role in the Pahalgam attack. India said that nine sites were targeted under the ‘Operation Sindoor’, successfully striking terrorist infrastructure in Pakistan and Pakistan-occupied Kashmir.

While the development holds immense geo-political importance for the region, it can also significantly impact the financial markets, including the crypto market, amid heightened uncertainty.

India Retaliates Against Pakistan With Missile Attacks

As per India’s Ministry of Defence, the Indian Armed Forces launched the operation targeting nine sites from where terrorist attacks against India have been planned and directed. “These steps come in the wake of the barbaric Pahalgam terrorist attack in which 25 Indians and one Nepali citizen were murdered,”

As per a media report, 70 terrorists were killed in the operation. According to the Indian Ministry of Defense, these steps come in the wake of the barbaric Pahalgam terrorist attack, which killed 25 Indians and one Nepali citizen.

The statement also stated that the attacks were focused, measured, and non-escalatory in nature, as no Pakistani military bases were targeted. However, Pakistan claimed that the strikes killed three civilians and injured twelve others.

Following the strike, the Indian army stated that Pakistan had again violated the ceasefire agreement by firing artillery across the Line of Control and International Border. Ten civilians were reportedly killed and around 30 injured in Jammu and Kashmir’s Poonch sector due to Pakistan’s ‘arbitrary and indiscriminate firing’, said the army sources.

Impact on the Crypto Market

This development could significantly impact the crypto market, possibly leading to some uncertainty for investors. Following the attacks, the Bitcoin price sharply dropped below $96,300 on Tuesday. However, if the situation stabilises and does not escalate, the impact might remain constrained.

Crypto analyst Crypto TA King noted how a full-blown war could harm the market. Analyst Crypto King also predicted this could be a red market week, unless the India-Pakistan attacks settle.

Reacting from the White House, President Donald Trump said, “It’s a shame!”, stating that he hopes it ends quickly. Crypto markets are often seen as a hedge against financial uncertainty, but investors could move into stablecoins and away from speculative positions to avoid further risks.

The missile strikes come just a day after India made big concessions in Trump’s trade war, a factor that continues to hinder a crypto market rally to new highs.

The post Operation Sindoor: Indian Launches Precision Strike on Pakistan’s Terror Camps; How Will Crypto Market React? appeared first on CoinGape.