India is reportedly planning to buy 100 Su-57 stealth fighter jets from Russia, marking one of its biggest defense moves in recent years. While the deal is military-focused, experts say it could impact much more than just the defense sector. From the stock markets to the world of cryptocurrencies like Bitcoin and Ethereum, the ripple effects are already being felt.
A Bold Strategic Move by India
According to a post by WallStreetBulls on Twitter, India is gearing up for a major defense purchase—100 advanced Su-57 jets from Russia. This would be a strong signal to Western powers that India is deepening its strategic ties with Moscow, especially amid ongoing global tensions.
This type of geopolitical development often causes investors to rethink where they put their money. When big defense deals happen, they can shape market sentiment, shifting capital toward assets seen as safe or promising—like gold, Bitcoin, or certain stocks.
Crypto Reacts: Bitcoin and Ethereum Rise Slightly
Following the news, Bitcoin (BTC) climbed 1.2% to $68,500, while Ethereum (ETH) rose 0.8% to $3,750. On Binance, Bitcoin trading volume jumped 15% in the first hour after the update, showing that traders were paying close attention.
The Indian stock market also responded positively, with the NIFTY 50 index up 2.3% by late morning. That kind of confidence can trickle down into the crypto space—especially in India, where digital assets are becoming more mainstream.
Polygon (MATIC) Gains Momentum
One token that stood out is Polygon (MATIC), a blockchain platform with deep ties to India’s tech ecosystem. MATIC jumped 1.5% to $0.72 on Coinbase, while wallet activity and trading volume spiked—up 18% in 24 hours. This suggests that both retail investors and institutions are seeing value in India-focused crypto projects during moments of national strength.
Defense Stocks Rally, Crypto Traders Take Notice
Defense companies like Hindustan Aeronautics Limited saw their stock prices rise by 3.5%, showing investor enthusiasm around India’s defense sector. This could divert or boost crypto inflows depending on how investors choose to hedge or diversify their portfolios.
Crypto traders are watching this closely. Some are targeting quick trades in pairs like BTC/INR or MATIC/USD, while others are looking for longer-term positioning based on geopolitical sentiment.
Bitcoin’s Technical Picture
On the charts, Bitcoin has broken above $68,000—an important resistance level. The Relative Strength Index (RSI) is sitting at 58, indicating there’s still room for price growth before reaching “overbought” levels. Ethereum also tested the $3,800 mark before pulling back slightly, showing solid momentum.
A Surge in Crypto Engagement
Data from Glassnode shows a 5% increase in Bitcoin’s active addresses within 24 hours, pointing to higher user activity. Crypto-related stocks like Coinbase (COIN) also edged up 1.1%, suggesting growing investor interest in the broader digital asset ecosystem.
Institutional investors are also joining the action. Bitcoin ETFs saw a $50 million inflow on the same day, according to Bloomberg Terminal data, highlighting renewed confidence in crypto amid global developments.
Final Thoughts
India’s potential Su-57 jet deal with Russia isn’t just about defense—it’s a signal of shifting alliances and growing economic independence. For global markets, especially crypto, this presents a unique moment.
If Bitcoin holds above $68,500 and Indian equities continue to perform well, we could see extended bullish momentum in both markets. For now, traders and investors alike are watching closely, ready to act on the next move.