BTC Update
As of May 13, 2025, Bitcoin (BTC) is trading at $102,632, reflecting a slight decline of 1.24% from the previous day. The day's trading range has seen a high of $105,525 and a low of $101,065.
Market Dynamics
Bitcoin's recent surge past the $100,000 mark was largely driven by a short squeeze, leading to elevated funding rates that some analysts view as unsustainable. This leverage-driven rally suggests potential volatility ahead .
Additionally, the easing of the U.S.-China trade war has bolstered investor confidence in risk assets, including cryptocurrencies. The temporary reduction in tariffs between the two nations has contributed to the positive momentum in the crypto market .
Bitcoin in Pakistani Rupees (PKR)
For investors in Pakistan, Bitcoin's price translates to approximately PKR 29.26 million as of May 12, 2025. This represents a slight decrease from the previous day's closing rate of PKR 29.41 million.
