KARACHI – Bitcoin, the world’s largest cryptocurrency, continues to dominate the financial markets. Created in 2009 by an anonymous entity known as Satoshi Nakamoto, Bitcoin operates on a decentralized public ledger called the blockchain, ensuring transparency and security.
The cryptocurrency is generated through a process called mining, where advanced computers solve complex mathematical problems. Over the years, Bitcoin has gained immense popularity as both a store of value and a speculative investment asset.
Market trends indicate that Bitcoin experienced significant growth following the U.S. presidential election of Donald Trump, as investors anticipated cryptocurrency-friendly policies under his administration. Bitcoin’s value more than doubled that year, rising by 40% in just two weeks after Trump’s victory.
Bitcoin to USD Rate Today
As of 10:31 am PST, Bitcoin is trading at $98,760.09, according to live rates on the Binance platform.
Bitcoin to PKR Rate Today
In Pakistan, Bitcoin’s value has surged to Rs27,407,948.55 (Rs27.407 million) despite a slight decline of 0.43% during today’s trading session.
The continuous fluctuation in Bitcoin’s value underscores its volatility, but it remains a favored choice for investors worldwide seeking high-risk, high-reward opportunities.
