Bitcoin Price in Pakistan Drops to Rs31.59M on August 29, 2025

On August 29, 2025, at 2:35 PM Pakistan Standard Time, Bitcoin (BTC) traded at Rs31,592,172.94 in Pakistan’s open market, down Rs354,873.52 from the previous day’s close of Rs31,947,046.46. As the leading cryptocurrency, Bitcoin continues to shape global and local finance, offering a decentralised alternative to traditional banking.

The Bitcoin price in Pakistan dropped to Rs31,592,172.94 on August 29, 2025, reflecting a daily decline of Rs354,873.52. In July 2025, BTC fluctuated significantly, peaking at Rs 34,247,028 on July 14 and dipping to Rs 30,002,789.55, according to market data. Forecasts for August suggest BTC could climb to between Rs32,000,000 and Rs34,000,000, driven by ETF inflows and declining exchange balances, according to CoinDesk. However, market volatility keeps investors cautious.

Introduced in 2009 by Satoshi Nakamoto, Bitcoin is a peer-to-peer digital currency powered by blockchain technology. It ensures transparency and security with a limited supply of 21 million coins. Initially a technological experiment, Bitcoin has grown into a trillion-dollar asset, often referred to as “digital gold” for its role as a hedge against inflation. Its adoption by institutions, such as BlackRock’s ETF investments in 2024, has enhanced its global influence.

Read: Bitcoin Hits PKR 32.36M in Pakistan, Signals Financial Shift

Bitcoin’s Role in Pakistan

In Pakistan, Bitcoin addresses financial challenges, particularly for the unbanked population. According to the World Bank, over 50% of the population lacks access to traditional banking. In response, Bitcoin’s mobile wallets provide secure financial services. For instance, it supports remittances and small transactions, promoting financial inclusion. Amid a weakening rupee and inflation, Bitcoin is increasingly viewed as a store of value, similar to gold.

Analysts predict a steady rise in Bitcoin’s value in August 2025, supported by strong ETF demand and reduced exchange balances. If BTC breaks key resistance levels, it could spark a bullish trend, according to Bloomberg. However, Pakistan’s economic uncertainty, including recent floods, may influence local adoption. The crypto market’s volatility requires cautious investment strategies.

Disclaimer: This information is for informational purposes only and should not be used for trading decisions or financial advice. Always consult a professional before investing.