#TrumpNewTariffs
The crypto market is seeing some action today! Bitcoin (BTC) is trading around $67,145.62, down 0.92% over the past 24 hours. In Pakistan, Bitcoin's price is approximately PKR 23,200,000 to PKR 23,400,000, with a 5-6% decline in the past 24 hours. ¹ ²
Some key updates:
- *Pakistan's Crypto Adoption*: Pakistan ranks third globally in crypto adoption, with a growing user base of 27.10 million crypto users expected this year.
- *Regulatory Developments*: The State Bank of Pakistan (SBP) has proposed recognizing digital assets as legal tender, and the Pakistan Virtual Assets Regulatory Authority (PVARA) is working on licensing exchanges and ensuring compliance.
- *Market Trends*: Bitcoin's fixed supply and independence from centralized control make it appealing in inflation-affected economies like Pakistan's. ³ ⁴ ⁵
