Tensions are heating up between India and Pakistan, following the former’s recent missile attack on the latter. This development is significant considering how it could negatively impact the crypto market, as war brings about market uncertainty.

India Retaliates Against Pakistan With Missile Attacks

According to a CNN report, India has launched a military operation against Pakistan, striking “terrorist infrastructure” in both Pakistan and the country’s administered-Kashmir. According to the Indian Minsiutry 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, Pakistani military spokesperson Ahmed Sharif Chaudhry made it clear that they plan to retaliate, a move which will further escalate tensions.

This development could have significant impact on the crypto market, possibly leading to a crash. The Bitcoin price sharply dropped below $95,000 following the attacks.

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