$BTC UPDATES
๐ Price & Market Action
Current trading levels:
BTC trading around $75,000โ$79,000 USD in recent sessions. ๏ฟฝ
CoinMarketCap +1
Key recent moves:
Bitcoin hit near 10-month lows, dipping as low as about $74,500 USD before pulling back up. ๏ฟฝ
Barron's
The broader crypto market has seen significant selling and liquidations, with reports of ~$2.5 billion in Bitcoin liquidations during recent volatility. ๏ฟฝ
Reuters#
Ethereum and other cryptos have also been under pressure, reflecting weak risk sentiment across digital assets. ๏ฟฝ
The Economic Times
๐ Technical & Sentiment Factors
Current sentiment drivers:
Broader risk-off environment: Investors are reducing exposure to risk assets (crypto, equities, metals). ๏ฟฝ
Reuters
Monetary policy uncertainty: Markets reacted to the U.S. Federal Reserve leadership change and expectations of tighter monetary policy, putting pressure on Bitcoin. ๏ฟฝ
Barron's
Liquidity in crypto markets remains thin, amplifying price swings. ๏ฟฝ
mint
Technical perspective:
BTC has been testing support around the $72,000โ$75,000 range with resistance above $80,000, but recent market breadth has been weak. ๏ฟฝ
mint
๐ฑ Bitcoin in PKR
For context from Pakistan:
1 BTC โ โจ21.9โ22.0 million PKR in local conversion terms (rates vary across exchanges). ๏ฟฝ
CoinMarketCap +1
๐ง Longer-Term Context
Developer & ecosystem health:
Independent metrics showed developer activity and contributions remain strong, which is a positive for Bitcoinโs long-term resilience. ๏ฟฝ
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