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Cryptocurrency News Articles
Bitcoin (BTC) Price in Pakistan Rises Slightly, Increasing Market Capitalization by 2.08%
Mar 29, 2025 at 04:37 pm
Globally, the cryptocurrency market increased slightly on March 29, 2025. In the past 24 hours, with the global market capitalisation up 2.08%, the total is $3.22 trillion.
Cryptocurrency prices rose slightly on Wednesday, extending a minor recovery from the previous session's lows. The global cryptocurrency market cap now stands at $3.22 trillion, showing a 2.08% increase in the past 24 hours, according to CoinPedia.
However, the cryptocurrency Fear & Greed Index at 37 still suggests some wariness. The index at 25 or below indicates extreme fear, while 75 or above indicates extreme greed.
Bitcoin Price in Pakistan Today
Bitcoin (BTC) is currently trading at PKR 25,828,751.86 for one BTC in Pakistan, with a total circulating supply of 19,823,671 BTC, according to Coinbase. The market cap of BTC has reached PKR 513,594,816,444,852.70.
Furthermore, Bitcoin’s volume traded in Pakistan increased by PKR 1,691,852,543,023.09 in the last 24 hours, showing a 13.05% rise. The previous day, the volume traded (converted from PKR 12,961,211,359,097.52) indicates that investors are still showing interest in Bitcoin, despite the ongoing changes in the market.
Bitcoin's Global Market Performance
On international markets, Bitcoin price today shows a daily increase of 1.22%, bringing the price of BTC to $98,095.43. This increase has seen BTC reaching a total market capitalisation of $1.94 trillion.
Additionally, intraday trading volume has increased by 10.64% with Bitcoin transactions reaching $36.17 billion. Although the above numbers indicate a bullish trend, analysts warn that for the currency to maintain an upward trajectory, price action must maintain key support levels.
If BTC falls below the key $93,000 support print, an estimated $1.3 billion in leveraged long positions could be liquidated, potentially causing an additional correction in broader market prices.
Crypto traders can also keep an eye on the critical Fib support at $90,000, which, if breached, could open the door for a deeper decline towards the $80,000s.
Market Sentiment and Risks Ahead
The growth of Bitcoin price and trading volume is a good omen for traders, but market analysts caution that uncertainties persist. The Fear & Greed Index at 37 suggests an overall fearful sentiment among traders, pointing to the risk of sudden market action.
Moreover, macroeconomic conditions, regulatory changes, and institutional participation continue to influence the crypto space. The recent price volatility of Bitcoin illustrates how outside factors like economic policies and investor sentiment have a significant influence on the stability of the market.
The writer of this material is not an investment advisor, and the above-mentioned details are based on trustworthy sources and personal observations. The investment decisions and the risks associated with them must be made by the reader.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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