The value of Bitcoin witnessed a notable decline against the Pakistani Rupee (PKR) on Saturday, reflecting broader weakness in the global cryptocurrency market.
As of 12:04 PM Pakistan Standard Time (PST), Bitcoin was being traded at Rs4,443,884.54 in the local open exchange market. This marks a significant drop when compared to the previous day’s closing rate of Rs4,585,491.86, signaling a sharp correction of nearly Rs141,607 in a span of less than 24 hours.
In terms of the US Dollar, Bitcoin was valued at $21,511.93, also down from $22,096.93 at Friday’s close. The fall comes amid renewed uncertainty in global crypto trading as investors remain cautious over inflation data, interest rate expectations, and regulatory developments.
Currency analysts believe that the weakening of Bitcoin against the rupee is partly linked to the global correction in risk assets. “The crypto market has been volatile, and as Bitcoin faces downward pressure in international markets, the local rupee exchange value is also affected,” said a Karachi-based financial analyst.
This drop in Bitcoin value may also influence sentiment among Pakistani investors, who increasingly monitor cryptocurrency performance against the rupee for short-term speculation. However, experts are quick to caution that these rates are provided strictly for informational purposes and should not be the sole basis for investment decisions.
Traders and investors are strongly advised to verify rates with licensed brokers or financial advisors before initiating any Bitcoin-related rupee transactions. The exchange rate mentioned does not constitute an investment recommendation or advice to buy, sell, or hold any digital asset.
Given the volatility of cryptocurrency markets, even small shifts in global indicators can cause significant movement in local rupee valuations of digital currencies. Market observers suggest staying informed and exercising caution, particularly for those using rupee savings to speculate on digital assets like Bitcoin.
As the digital finance landscape continues to evolve, fluctuations in Bitcoin-rupee parity remain a critical metric for crypto traders in Pakistan.