According to Fox News, thousands gathered in Vatican City to witness the historic selection of Cardinal Robert Francis Prevost as the first-ever American pope. This unprecedented event has triggered significant attention in global financial markets, including the cryptocurrency sector, as traders anticipate potential shifts in geopolitical stability and policy directions stemming from the Vatican. Analysts note that major cryptocurrencies such as Bitcoin and Ethereum experienced a brief uptick in trading volume following the announcement, reflecting increased investor interest in safe-haven digital assets amid major global events (Fox News, May 8, 2025). Traders are closely monitoring for any further volatility or capital inflows into the crypto market as global sentiment adjusts to this milestone in religious and political history.