BITCOIN TODAY UPS AND DOWNS:$23,485.80

KARACHI: The open exchange market’s Bitcoin (BTC) to Pakistani Rupee (PKR) conversion rate as of August 18, 2022, at 10:06 AM PST is Rs5,030,134.89. A comparison between the price of Bitcoin and Rs. 5,118,204.11 at closing on August 17, 2022, has been done.

• On August 18, 2022, at 10:06 AM Pakistan Standard Time (PST), the open exchange market will have a Bitcoin price of $23,453.94 USD. When closing on August 17, 2022, the rate of Bitcoin has been calculated and compared to the rate of $24,031.06.
• As of 3:52 p.m., the price of Bitcoin is $23,482.58, changing by -1.17% over the last 24 hours. After the most recent Bitcoin price movement, the market capitalization of tokens was $449,083,833,214.35. Bitcoin has had a change of -49.12% so far this year. According to CoinDesk’s Digital Asset Classification Standard, Bitcoin is categorized as a currency (DACS).
• Public-key cryptography is used by Bitcoin, the first decentralized cryptocurrency in the world, to record, sign, and send transactions across the Bitcoin blockchain without the intervention of a centralized authority.
• Under the alias “Satoshi Nakamoto,” an unidentified computer programmer or group of programmers introduced the Bitcoin network (capital “B”) in January 2009. The network is a peer-to-peer electronic payment system that transfers money over the internet or serves as a store of value like gold and silver using the cryptocurrency known as bitcoin (lower case “b”).
• Since each bitcoin is made up of 100 million Satoshi’s, which are the currency’s smallest units, each bitcoin can be divided up to eight decimal places. This implies that anyone can buy a little portion of a bitcoin for as low as one dollar.
• Numerous additional cryptocurrencies were built on the foundation of Bitcoin. While some were built using the same technologies, others adopted a radically different strategy. Okay, but how do cryptocurrencies differ from one another?

• It would take us weeks only to compile a list of all the various cryptocurrencies. Some are quicker than others, while others are more programmable, secure, and private.

• In the world of cryptocurrencies, there’s a slogan that goes: “Do Your Own Research” (or DYOR). We assure you that we don’t say that to be impolite. Simply said, it indicates you shouldn’t accept information from a single source as fact.

• Tuesday was Bitcoin’s (BTC) fourth consecutive day of decline as it dropped 2%. Since temporarily topping $25,000 on August 14, the largest cryptocurrency by market capitalization has decreased by 6%.
• The price of Ether (ETH), which has fallen 1.2% during the last day, has also fallen for the fourth day in a row. By market value, the second-largest cryptocurrency behind bitcoin is currently down 8% from the psychologically significant $2,000 level it last broke on August 15. After falling below $1,000 earlier this summer, Ether has been vying for $2,000 for most of the past week.
• In comparison to their respective 20-day moving averages, prices for both assets fell on a regular daily volume.
• The conventional markets were diverse. The tech-heavy Nasdaq composite, the Dow Jones Industrial Average (DJIA), and the S&P 500 all experienced declines of 0.5%, 1.3%, and 0.7%, respectively.

• While the average analyst expectation was for a 0.1% increase, month-over-month U.S. retail sales remained flat in July. Despite better-than-anticipated inflation data on August 10, the July expenditure was surprisingly lackluster.

• Products were diverse. Crude oil prices increased by 0.9%, natural gas prices fell by 1.44%, and gold, the classic safe-haven asset, had a price fall of 0.63%.
• EOS saw a 13% gain among altcoins. AVAX and MATIC saw declines of 4.3% and 4.4%, respectively.
• current prices:
• Bitcoin (BTC): $23,378 −2.5%
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• ●Ether (ETH): $1,848 −1.9%
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• ●S&P 500 daily close: 4,274.04 −0.7%
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• ●Gold: $1,777 per troy ounce +0.2%
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• ●Ten-year Treasury yield daily close: 2.89% +0.07