Bitcoin (BTC), the world’s leading cryptocurrency, is trading at PKR 25,828,751.86 in Pakistan today, riding a wave of cautious optimism as the global market posts a modest recovery. Although BTC has seen a price increase, analysts warn that the rally may be short-lived if it fails to maintain its current support level.
On June 12, the overall cryptocurrency market experienced a slight rebound. The global market capitalization rose by 2.08%, reaching $3.22 trillion. Trade volume also ticked up, climbing 2.21% to settle at $96.3 billion within 24 hours. This indicates a renewed interest among traders, though fears of volatility remain ever-present.
One widely watched indicator—the Crypto Fear & Greed Index—currently reads 37, signaling continued fear among investors. The index, which ranges from 0 (extreme fear) to 100 (extreme greed), suggests that most market participants remain cautious, likely due to recent unpredictable price swings.
Internationally, Bitcoin is showing signs of recovery. The asset is trading at $98,095.43, marking a 1.22% daily increase. Its market capitalization now sits at a staggering $1.94 trillion, reflecting BTC’s dominant role in the digital asset space.
Trading volume has also surged significantly. In the last 24 hours, $36.17 billion worth of BTC changed hands globally—an increase of 10.64% over the previous day.
However, analysts caution that the momentum may be fragile. If BTC fails to maintain its crucial $93,000 support level, the consequences could be severe. Market analysts warn of potential liquidations of over $1.3 billion in leveraged long positions—trades that could collapse if prices drop too quickly.
Locally in Pakistan, Bitcoin continues to track closely with global trends, albeit with slight variations due to currency exchange rates and market demand. As of this writing, the price of 1 BTC in Pakistan is PKR 25,828,751.86.
According to aggregated data from CoinPedia and Coinbase, this reflects a stable demand within the country despite regulatory uncertainties and fluctuating exchange rates.
Bitcoin’s circulating supply stands at 19,823,671 BTC, pushing its total market capitalization in Pakistani Rupees to over PKR 513.59 trillion. This figure underscores the scale at which BTC has penetrated the national investment conversation, from tech-savvy traders to retail investors.
Bitcoin trading activity in Pakistan has also intensified. Over the last 24 hours, the value of BTC traded rose by PKR 1.69 trillion, a 13.05% increase compared to the previous period. This adds to the PKR 12.96 trillion worth of BTC exchanged the day before, indicating growing participation and interest.
Analysts attribute this uptick to several factors: the broader market rebound, anticipation of crypto-friendly regulations, and the declining performance of traditional assets like gold and stocks. Many Pakistani investors are turning to digital assets in hopes of better returns and long-term value preservation.
While the upward price movement has optimism, not everyone is convinced it will last. If Bitcoin dips below the critical $93,000 support level, it could set off a chain reaction of automated liquidations, especially among traders using leverage. In total, analysts estimate that around $1.3 billion in leveraged positions could be at risk, potentially triggering a broader market pullback.
“Support levels act like psychological thresholds,” noted one market strategist. “If Bitcoin breaks below it, confidence erodes quickly, and that can lead to panic selling.”
Crypto markets are famously volatile, and Bitcoin is no exception. Despite its increasing maturity as a financial asset, BTC remains heavily influenced by external factors—including regulatory changes, macroeconomic conditions, and even social media sentiment.
In Pakistan, the picture is further complicated by fluctuating exchange rates and regulatory uncertainty. While crypto trading is popular, it remains a gray area in terms of formal financial oversight. This ambiguity hasn’t deterred investors, but it has made the market more susceptible to shocks.
Today’s data offers a snapshot of a Bitcoin market on the rise—but not yet stable. While both global and local indicators suggest an ongoing recovery, the looming threat of a breakdown below $93,000 could derail momentum and shake investor confidence.
For Pakistani investors, Bitcoin remains a high-risk, high-reward asset. With prices near PKR 25.8 million and volumes increasing, the market appears optimistic—but traders should tread carefully.
As always, prices may fluctuate rapidly due to international news, economic conditions, or changes in the crypto landscape. Staying informed and cautious is key to navigating what remains one of the world’s most unpredictable markets.
Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9
Get the latest Crypto & Blockchain News in your inbox.
Join Now