
According to recent crypto market updates BTC volume increased by 2.21%, reaching $96.3 billion.
Despite the mild uptick, investor sentiment remains cautious. The Fear & Greed Index currently stands at 37, signaling a fear-driven market and advising against rash decisions.
In local markets, Bitcoin (BTC) is currently priced at PKR 25,828,751.86 per BTC. With 19,823,671 BTC in circulation, the total market capitalization now stands at PKR 513.59 trillion.
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Over the past 24 hours, the volume of BTC traded in Pakistan rose by PKR 1.69 trillion, marking a 13.05% increase. The day before, BTC transactions amounted to PKR 12.96 trillion.
On the international front, Bitcoin saw a 1.22% daily rise, now valued at $98,095.43. Its market cap has reached $1.94 trillion, while daily trading volume jumped 10.64% to $36.17 billion.
However, analysts warn that if BTC slips below the critical $93,000 support level, it could trigger a liquidation of around $1.3 billion in long-leveraged positions, potentially sparking a broader market sell-off.