New Delhi, 5 October (IANS). Between the shutdowns of the US government, bitcoin prices are once again seeing a rise and the price has crossed $ 1,25,000.
Bitcoin prices have been seen by the last eight sessions. The reason for this is to inflow in bitcoin exchange-traded funds.
Earlier, the highest level of bitcoin was $ 1,24,480, which has been recorded in mid -August.
The boom in bitcoin is due to the cryptocurrency -backed policies by the US government, weak performance against other foreign currencies and volatility due to the shutdown of the US government, which has stalled government functioning in the US.
Analysts say this fast trend is corresponding to the subsequent performance of bitcoin’s halfing event. Typically, the huffing event is seen as a catalyst that speeds up the long -term price increase for bitcoins, as it cuts half the volume of cryptocurrency.
According to Disinfo Lab, the US is strengthening relations with Pakistan and focusing on a cryptocurrency agreement associated with the World Liberty Financial of US President Donald Trump and a Cryptocurrency Agreement associated with military-related funds in Pakistan.
Bilal bin Saqib, a British-Pakistani entrepreneur who is now working as a special assistant to the Prime Minister on the CEO and blockchain of Pakistan’s recently created Crypto Council (PCC), is also an advisor to the WLF, increasing concerns of conflict of interest.
In June 2025, Pakistan signed agreements with Trump -backed Crypto Venture World Liberty Financial (WLF) and Binenns to expand the blockchain infrastructure and promote decentralized finance (DEFI).
—- IANS
ABS/