Cryptocurrency Markets Rebound Amid Escalating Pakistan-Afghanistan Conflict
The recent outbreak of violence between Pakistan and Afghanistan has sent shockwaves through the global economy, causing a ripple effect on the cryptocurrency market.
BTC, XRP, SOL, ETH, and ADA were among the major coins that experienced a significant decline in value, with Bitcoin dropping 5.85% following the airstrikes on Kabul.
However, as the conflict continues to escalate, markets have begun to stabilize, with some cryptocurrencies showing signs of resilience.
The increased volatility has also sparked an interest in cross-border cryptocurrency usage, as traders and investors seek alternative means of transferring value amidst the regional tensions.