$$BTC
📉 Market Overview
Bitcoin is currently trading around $114,000, following recent losses triggered by fears over rising tariffs and global economic uncertainty .
According to Investing.com, BTC hovered in this range as traders weighed macro risks, while sentiment remained cautious .
CoinDesk reports that skepticism persists over the potential for rate cuts, with tariff anxieties dampening bullish outlooks even amidst XRP and Ethereum gains .
🔍 Technical Analysis & Trends
Analysts note that Bitcoin is retesting a crucial support level near $113K, a zone that previously triggered a 25% surge, hinting at potential upside if support holds firm .
Another study shows that dormant supply—coins idle for 10+ years—is now increasing faster than issuance, signaling strengthened conviction from long-term holders .
🌍 Strategic Moves & Local Context (Pakistan Focus)
Pakistan is advancing a pilot CBDC, with legislation for virtual assets nearing completion. The State Bank of Pakistan (SBP) is advising financial institutions to await licensing under the new framework .
The government aims to fast-track crypto integration into banking, gold trading, and forex services. This is to facilitate licensing and increase mainstream virtual asset usage across sectors .
At Bitcoin 2025, Pakistan unveiled plans for a Strategic Bitcoin Reserve and allocated 2,000 MW of surplus energy toward bitcoin mining and AI data centers—a move hailed by strategists like Michael Saylor .