Bitcoin Surges 7% to $103,119 Amid India-Pakistan Tensions

Bitcoin has surged past the $100,000 mark, driven by escalating geopolitical tensions between India and Pakistan. The conflict, which began with India's "Operation Sindoor" in response to a terrorist attack, has fueled demand for safe-haven assets like Bitcoin and gold.

Russian politician MP Anatoly Aksakov has noted that during times of war, entities often turn to Bitcoin for arms deals and as a store of value. This increased demand for Bitcoin during conflicts is a significant factor in its recent price surge. Aksakov also highlighted that while geopolitical tensions are a driving force, the United States still has the largest impact on Bitcoin due to its substantial user base.

India launched "Operation Sindoor" on May 7, 2025, as a retaliation against terrorists from Pakistan following an attack in the city of Pahalgam that resulted in 26 deaths, including one Nepalese citizen. The operation was named to honor the women who lost their husbands in the attack, with "Sindoor" being the traditional red powder applied by Hindu women to denote marriage.

The Indian Ministry of Defense confirmed that nine targets in Pakistan linked to terrorist activities were struck, neutralizing 17 terrorists and injuring about 60 others. However, reports from Pakistan claimed that the Indian Air Force strikes resulted in 26 deaths and 46 injuries.

Amidst the escalating tensions, Bitcoin regained its bullish momentum, climbing above $100,000 for the first time since February 2025. The cryptocurrency surged over 7% on Thursday, leading a rally in the broader crypto market with nearly all top cryptocurrencies recording significant gains. At the time of writing, BTC was trading at $103,119.

Reclaiming the $100,000 support level is seen as a significant move that could return bullish momentum to the Bitcoin market. Analysts expect this development to trigger another bull run, potentially leading to a new all-time high for BTC. The conflict between India and Pakistan has undoubtedly become a bullish catalyst for Bitcoin, driving its price to new heights.