Bitcoin holds near $95K despite rising India-Pakistan tensions

Bitcoin (CRYPTO:BTC) remained largely steady near $95,000 on Monday, reversing an early decline amid disappointing U.S. economic data and escalating tensions between India and Pakistan.

The Dallas Fed Manufacturing Index plunged to -35.8 in April, its lowest level since May 2020 and far below expectations, reflecting growing concerns over tariffs and policy uncertainty, according to Joe Weisenthal, co-host of the Odd Lots podcast, who described the data as “pretty horrible”.

Despite this, Bitcoin traded just below $95,000, up about 0.5% over the past 24 hours, while the broader CoinDesk 20 crypto index remained flat during U.S. trading hours.

Crypto stocks such as Coinbase and Strategy were down modestly after strong gains last week, whereas Janover and DeFi Technologies posted gains of 24% and 6.5% respectively, benefiting from accumulation strategies in the Solana (CRYPTO:SOL) token, which itself fell about 3% during the day.

Meanwhile, gold prices rose nearly 1%, and the U.S. dollar index declined 0.6%.

The S&P 500 and Nasdaq recovered from early losses to close slightly positive.

Heightened geopolitical risks also contributed to market uncertainty.

Pakistani Defense Minister Khawaja Muhammad Asif warned of a possible Indian military incursion following recent cross-border exchanges and a terrorist attack in Indian-controlled Kashmir that killed 26 people last week.

Investors remain watchful as economic data and geopolitical developments continue to influence sentiment across traditional and crypto markets.

At the time of reporting, the Bitcoin price was $94,926.27.