Breaking: India Launches Missile Attack on Pakistan; Is A Crypto Crash Ahead?

Monicah W

Breaking: India Launches Missile Attack on Pakistan; Is A Crypto Crash Ahead?

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 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.

Pakistani military spokesperson Ahmed Sharif Chaudhry made it clear that they plan to retaliate, which will further escalate tensions. Pakistan’s prime minister also stated that they are responding to India’s attack. The country has allegedly already shot down two Indian jets in retaliation for strikes on its “territory.”

Meanwhile, in an X post, the Indian army stated that Pakistan has again violated the ceasefire agreement by firing artillery in Bhimber Gali in the Poonch-Rajauri area. The army remarked that they are responding appropriately in a “calibrated manner.”

This development could significantly impact the crypto market, possibly leading to a crash. Following the attacks, the Bitcoin price sharply dropped below $95,000.

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.

Meanwhile, US President Donald Trump commented on the attack, stating that he hopes it ends quickly. The missile strikes comes just a day after India made big concessions in Trump’s trade war, another external factors which continues to hinder a crypto market rally to new highs.

The post Breaking: India Launches Missile Attack on Pakistan; Is A Crypto Crash Ahead? appeared first on CoinGape.

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Gold Price Soars Past $3,340: When Will Bitcoin Price Catch Up?

Why Gold’s Rally Could Cause a Bitcoin Price Crash to $10K

The post Gold Price Soars Past $3,340: When Will Bitcoin Price Catch Up? appeared first on Coinpedia Fintech News

  • Gold price has heavily benefited from capital flight as investors flee from volatile stock markets amid global trade wars.
  • Bitcoin price will gain bullish sentiment after gold hits rally top and cash rotation kickstarts.

The U.S. stock market recorded more forced liquidations on Wednesday amounting $1.5 trillion, after Fed Chair Jerome Powell said that more volatility is likely ahead. With the trade war negotiations taking longer than anticipated, investors have been fleeing to the Gold markets to protect working capital. 

Moreover, inflation is anticipated to increase as investors show midterm fear amid the weakening U.S. dollar against major currencies.

Gold Market Blowout 

Gold price gathered more bullish momentum during the North American trading session on Wednesday as the trade negotiations rattled global stock markets.

In the past 24 hours, Gold price rallied over 3 percent to trade at about $3,337 at the time of this writing. Gold has continued with price discovery since its bullish breakout in October 2023, catalyzed by rising demand from global central banks led by China.

When Bitcoin?

Bitcoin has earned the title digital gold in the past decade, especially after emerging from the 2008 financial crisis and thriving through the Covid-19 crash. As Coinpedia reported, the Federal Reserve already views Bitcoin as digital gold and not as a competitor for the United States dollar. 

Consequently, the U.S. government under President Donald Trump is keen to tap into Bitcoin to reduce its huge debt burden.

From a technical standpoint, BTC price has in the past cycles experienced parabolic rallies every time that Gold price reached the peak of its rally. Based on historical trends, Gold price is expected to reach $3,500 in this cycle, or even higher depending on the trade war dynamics.

In the three month candlestick, gold price has reached the top after the Relative Strength Index hit a minimum of 93, whereby it currently hovers about 83.

The post Gold Price Soars Past $3,340: When Will Bitcoin Price Catch Up? appeared first on Coinpedia Fintech News
Gold price has heavily benefited from capital flight as investors flee from volatile stock markets amid global trade wars.

Ethereum Price Forecast: Elliot Wave Pattern Hints $1,735 support as Trump media launches new token

ETH Price: Vitalik Buterin Take on Ethereum Foundation Vision

Ethereum price has rebounded above $1,800 on Wednesday, April 30, as fresh crypto adoption headlines from Trump Media fuel market-wide interest.

Ethereum bulls hold $1,800 support amid market rotation

Ethereum (ETH) is showing signs increased investor interest on Wednesday, as it floats near $1,803, up 0.4% in the last 24 hours. The mild uptick, comes after dipping to a weekly low of $1,784 on Tuesday.

According to Coingecko data, the second-largest cryptocurrency by market cap rose to a new monthly timeframe peak of $1,837.

Ethereum price action, April 30 | Coingecko
Ethereum price action, April 30 | Coingecko

Zooming out, Ethereum’s seven-day price action reflects a 2.1% gain. ETH Market cap currently sits near $217 billion, holding Ethereum’s position as the second-largest crypto asset.

Meanwhile, trading volume has declined modestly but remains consistent with previous consolidation phases, suggesting a patient accumulation by market participants rather than outright sell-offs.

The ETH/BTC pair is also steady at 0.01905 BTC, up 0.4% over the last 24 hours. This stability relative to Bitcoin shows ETH is holding its own in the broader rotation out of BTC towards altcoins.

Trump Media token launch revives sentiment as ETH tests support range

A shareholder letter from Trump Media & Technology Group (TMTG) this week introduced plans for a new utility token and native Truth wallet, sparking speculative interest in political and media-linked blockchain assets. The news has had a subtle spillover effect on Ethereum, which often benefits from increased media attention around crypto infrastructure.

The token from TMTG is not launching on Ethereum, but the broader theme of media-token integration may renew investor focus on ETH’s role in hosting enterprise-grade apps, NFTs, and tokenized communities.

The broader altcoin market has moved cautiously amid ETF decision delays from the SEC, but Ethereum has managed to avoid deeper losses. With institutional attention now split between meme tokens and serious Layer-1s, ETH’s consistent liquidity continues to act as a stabilizer.

Looking at the 3-month window, Ethereum remains up over 12.9%, reflecting strength from its March rally above $2,100. Still, investor sentiment remains mixed as long as ETH stays below the psychologically important $2,000 level. Short-term volatility may continue, particularly as Bitcoin dominance edges higher and regulatory clarity remains elusive.

Looking ahead: What’s ahead for ETH traders?

While the Trump Media token launch has limited impact on Ethereum’s fundamentals, it emphasises a growing trend of mainstream entities, sovereign governments entering the cryptocurrencies sector.

If this adoption wave gains momentum, ETH price is well-positioned to benefit as the leading network decentralized finance applications.

As of now, traders are watching whether Ethereum can reclaim $1,850–$1,880 in the coming days, with $1,735 remaining the key support to hold.

Ethereum price forecast today: Elliot Wave pattern points to $1,857 target before possible retracement

The Ethereum price forecast chart below displays a clean 5-wave Elliott structure, and price has now reclaimed territory above the mid-range baseline of the Donchian Channel, suggesting bullish control.

Ethereum price forecast
Ethereum price forecast

The current uptrend from the April 13 swing low formed a base near $1,681, which aligns with the 0.5 Fibonacci retracement of Wave (1). This level now acts as strong support.

More so, the ETH Volume Delta has cooled significantly, printing –9.58K, signaling reduced bearish pressure rather than decisive profit-taking.

However, ETH candles continue to close above the 20-day moving average line within the Donchian Channel.

The upper band of $1,857 marks the likely target for this impulse wave’s completion. If broken, a rally towards $2,000 becomes plausible.

Still, the breakout prospect is not confirmed without a decisive break above $1,857. A pullback from here could trigger instant retracement toward the 0.382 Fibonacci at $1,735, aligning with Wave (4) corrective targets.

In summary, ETH bullish thesis remains intact if prices stay above $1,681, but a close below this level would challenge the Elliott bullish count, possibly breaking below the $1,500 terittory.

The post Ethereum Price Forecast: Elliot Wave Pattern Hints $1,735 support as Trump media launches new token appeared first on CoinGape.

3 Altcoins That Reached All-Time High Today

The crypto market is finally improving, and that too at a steady pace, which is imbuing investors with confidence. This bullishness is also reflected in the growth of the altcoins, with some even making their way to new highs.

BeInCrypto has analyzed three such altcoins that formed a new all-time high today and whether their uptrend will continue.

Solayer (LAYER)

LAYER has surged by 23% in the last 24 hours, reaching $1.41 at the time of writing. The altcoin also reached a new all-time high (ATH) of $1.47 during the intra-day highs. This rise signals strong market interest and positive momentum for the cryptocurrency in the short term.

Given the current green candlestick, LAYER is likely to continue its upward trend. If the altcoin breaks past its ATH of $1.47, it could easily push past the $1.50 mark. This would indicate a continued bullish phase for LAYER as the price gains momentum toward higher levels.

LAYER Price Analysis. Source: TradingView

However, if the price falls to $1.20 or lower, the bullish outlook will be invalidated. A drop to $0.95 would result in the loss of recent gains, signaling a shift to bearish sentiment. This potential decline could slow LAYER’s momentum and lead to further price corrections.

Cheems (CHEEMS)

CHEEMS has seen an impressive 133% rise month-to-date, reaching a new all-time high (ATH) of $0.000002179. However, the altcoin has since retraced and is currently trading at $0.000001952. This price action signals potential volatility, but the recent ATH highlights the coin’s strong market interest.

If CHEEMS fails to sustain its uptrend, it could slide toward the critical support level of $0.000001461. A bounce from this level could provide CHEEMS with another opportunity to attempt forming a new ATH. This rebound would indicate that the bullish trend is still in play.

CHEEMS Price Analysis.
CHEEMS Price Analysis. Source: TradingView

However, if the $0.000001461 support is breached, CHEEMS could experience further declines. The next support level is at $0.000001132, and falling below this would invalidate the bullish outlook, erasing the recent gains.

Saros (SAROS)

SAROS has shown consistent growth throughout the month, trading at $0.055. During an intra-day rise, it reached a new all-time high (ATH) of $0.057, signaling positive market interest. This continued upward momentum could help drive SAROS to even higher levels, further encouraging investor confidence.

If the broader market cues remain strong, SAROS is likely to maintain its uptrend. The price could break through the $0.060 resistance level, extending its gains. This would signal sustained bullish sentiment and potentially attract more investors, pushing the altcoin to new highs.

SAROS Price Analysis.
SAROS Price Analysis. Source: TradingView

However, if the market momentum reverses, SAROS may struggle to hold on to its gains. A pullback to $0.046 is possible, and losing this support would invalidate the bullish thesis. In this case, SAROS could fall further to $0.034, signaling a deeper price correction.

The post 3 Altcoins That Reached All-Time High Today appeared first on BeInCrypto.