ISLAMABAD: On 17 January 2025, the cryptocurrency market experienced a minor recovery, with the market cap increasing by 2.08% to reach the landmark of $3.22 trillion.
Despite this change, the volume of trades hit 2.21%, settling at $96.3 billion.
Amidst the prevailing uncertainties, the Fear & Greed Index now stands at 37, cautioning marketers of impulsive moves.
In Pakistan, the current price of BTC to PKR is PKR 25,828,751.86 per BTC. With a circulating supply of 19,823,671 BTC, Bitcoin’s total market cap is PKR 513,594,816,444,852.70.
The amount of Bitcoin traded has increased by PKR 1,691,852,543,023.09 in the last 24 hours, representing a 13.05% rise. Additionally, PKR 12,961,211,359,097.52 worth of BTC was traded on the previous day.
According to the international markets, Bitcoin’s price has surged 1.22% daily, reaching $98,095.43.
The market capitalization of BTC now stands at $1.94 trillion, while its intraday trading volume has risen 10.64% to $36.17 billion.
However, market proponents warn that if BTC fails to hold its $93k support level, liquidating nearly $1.3 billion in leveraged long positions could trigger a broader market decline.
It is essential to note that these rates fluctuate due to international market fluctuations and developments in cryptocurrency news. All of the above rates are collected from the CoinPedia and Coinbase websites.c
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