According to Fox News, Cardinals are gathering for a conclave to select the new pope, a major event that historically brings global attention and can influence market sentiment (Source: Fox News, May 7, 2025). For cryptocurrency traders, such significant geopolitical and cultural events often drive increased volatility as global investors reassess risk exposure and safe-haven assets. Past papal elections have coincided with shifts in traditional financial markets, which can ripple into crypto trading pairs, particularly Bitcoin and stablecoins, as traders look for alternative asset classes during periods of uncertainty.