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Cryptocurrency News Articles

Bitcoin is making waves in Pakistan again!

Mar 27, 2025 at 04:50 pm

As of March 27, 2025, BTC is trading at approximately PKR 24,329,777.75 per coin. This surge comes amid a broader market recovery, with the global crypto market cap standing at $3.22 trillion

Bitcoin is making waves in Pakistan again!

Bitcoin is making headlines in Pakistan again! At 7:38 AM on March 27, 2025, BTC is trading at approximately PKR 24,329,777.75 per coin. This surge comes amid a broader market recovery, with the global crypto market cap standing at $3.22 trillion, marking a slight uptick.

However, while Bitcoin’s price in PKR is soaring, uncertainty looms. If key support levels fail to hold, a sharp correction could be on the horizon.

The Numbers Behind Bitcoin’s Surge

Globally, Bitcoin’s price currently sits at $87,278.00, reflecting a slight decrease of 0.61% over the last 24 hours. The total market cap remains strong at $1.73 trillion, while trading volume has declined by 10.5% to $25 billion.

In Pakistan, Bitcoin’s trading volume has dropped by PKR 664.04 billion in the past 24 hours, reflecting an 8.31% decrease. Despite this, PKR 12.96 trillion worth of BTC still exchanged hands yesterday, indicating significant activity in the local market.

Sounds bullish, right? Maybe. But there’s a catch.

The Warning Signs: A $1.3 Billion Liquidation Risk?

Crypto analysts are closely watching Bitcoin’s critical support level at $87,000. If BTC fails to maintain this threshold, a massive liquidation event could be triggered, potentially wiping out $1.3 billion in leveraged long positions.

To be precise, if Bitcoin drops below $87K, it could lead to a significant sell-off.

The Fear & Greed Index currently sits at 40, indicating cautious sentiment among traders. The market is walking a tightrope—one wrong move could spark panic selling.

What’s Next for Bitcoin in Pakistan?

Bitcoin’s rise in Pakistan mirrors global trends, but local factors such as regulatory shifts and PKR volatility could impact future movements.

If BTC holds above $87K, we may see another push toward the $100K milestone.

However, if it dips below $87K, brace for a sharp downturn.

The next few days are critical for Bitcoin. Will it smash new highs or face a harsh correction? All eyes are on the charts!

Original source:coinfomania

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