Bitcoin price: Virtual currency plunges over 4 pc against Pakistani rupee

ISLAMABAD: The price of Bitcoin in Pakistan experienced a sharp drop of more than 4 per cent against the Pakistani rupee, as the virtual currency was valued at Rs19,432,722, down from its previous price of Rs20,418,923. This sudden decline has left both crypto investors and analysts questioning the cause behind such a steep drop.

Given the inherently volatile nature of cryptocurrencies, experts believe this significant loss is especially noteworthy since Bitcoin had been relatively stable in recent weeks. This dramatic decline stands out, highlighting Bitcoin’s reputation for rapid and unpredictable price movements.

The nearly Rs1,000,000 loss in Bitcoin’s value has raised concerns about the stability of virtual currencies in emerging markets like Pakistan. The sudden drop has sparked fears regarding the potential risks involved, especially as Bitcoin continues to gain popularity among investors and traders seeking alternative assets.

As Bitcoin’s value fluctuates, the sharp decline against the Pakistani rupee serves as a reminder of the uncertainty associated with investing in virtual currencies. Investors, particularly in Pakistan, where cryptocurrency adoption is growing, will be closely monitoring Bitcoin’s next move.

On the international front, Bitcoin also saw a significant decline, falling by $70,000, a drop noticed for the first time since 2024. The price briefly hit $69,185, marking a 45 per cent decrease from its October peak. Meanwhile, the daily liquidation volume in the derivatives market reached $1.07 billion, with $905 million in long positions.

Experts speculate that the drop could be tied to broader global market trends or regional factors influencing investor sentiment. Some believe that regulatory shifts or economic factors may be putting downward pressure on the cryptocurrency. Others point to deep overselling, with the crypto fear and greed index reaching extreme lows. Analysts also suggest that the scarcity of digital gold is being diluted by “synthetic supply” through ETFs and futures.

So here’s the issue you get influencers like this guy have a quarter million followers and they claim they don’t know why it is declining… it’s because they don’t understand basic mechanics of price discovery.

They don’t understand that the marginal buyers or the float… https://t.co/6oP1WpN65c

— Bob Kendall (The Kendall Report) (@PortfolioXpert) February 4, 2026

Despite the recent decline, the crypto market remains unpredictable, and the ongoing fluctuations in Bitcoin’s price highlight the risks and rewards of investing in virtual currencies.