$BTC UPDATES

📉 Price & Market Action

Current trading levels:

BTC trading around $75,000–$79,000 USD in recent sessions. �

CoinMarketCap +1

Key recent moves:

Bitcoin hit near 10-month lows, dipping as low as about $74,500 USD before pulling back up. �

Barron's

The broader crypto market has seen significant selling and liquidations, with reports of ~$2.5 billion in Bitcoin liquidations during recent volatility. �

Reuters#

Ethereum and other cryptos have also been under pressure, reflecting weak risk sentiment across digital assets. �

The Economic Times

📊 Technical & Sentiment Factors

Current sentiment drivers:

Broader risk-off environment: Investors are reducing exposure to risk assets (crypto, equities, metals). �

Reuters

Monetary policy uncertainty: Markets reacted to the U.S. Federal Reserve leadership change and expectations of tighter monetary policy, putting pressure on Bitcoin. �

Barron's

Liquidity in crypto markets remains thin, amplifying price swings. �

mint

Technical perspective:

BTC has been testing support around the $72,000–$75,000 range with resistance above $80,000, but recent market breadth has been weak. �

mint

💱 Bitcoin in PKR

For context from Pakistan:

1 BTC ≈ ₨21.9–22.0 million PKR in local conversion terms (rates vary across exchanges). �

CoinMarketCap +1

🧠 Longer-Term Context

Developer & ecosystem health:

Independent metrics showed developer activity and contributions remain strong, which is a positive for Bitcoin’s long-term resilience. �#btcupdates #cryptouniverseofficial #StrategyBTCPurchase