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#WriteToEarnUpgrade daily news update to #Binance and earn 15$USDT just like that The price of Bitcoin slumped below $85,000 early Friday as the cryptocurrency selloff deepened. Investors had been hoping for gains after Nvidia’s solid earnings and strong forecast sparked a brief rally in tech stocks, which tend to move in tandem with cryptocurrencies. The Nasdaq Composite was up more than 2% early Thursday before falling into negative territory. It had fallen 1% by 1 p.m. Eastern time and closed down 2.2%. $BTC

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#whybtccrash #BTCVolatility A whirlwind of factors have contributed to crypto's downfall, analysts said. Cryptocurrency tends to trade in line with the riskier growth stocks like in artficial intelligence and technology, which also have been battered lately amid high valuation worries and an uncertain economy.$BTC $ETH $BNB

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#PakistanBTCMining Pakistan, El Salvador Form Crypto-Focused Partnership Pakistan, despite IMF oversight, is exploring crypto integration, including a BTC reserve and mining operations. By Francisco Rodrigues|Edited by Parikshit Mishra What to know: Pakistan and El Salvador are establishing a knowledge-sharing partnership centered around cryptocurrency. Pakistan is moving towards integrating cryptocurrency despite IMF oversight, with plans to establish a BTC reserve and a regulatory body. El Salvador, the first country to adopt bitcoin as legal tender, continues to invest in bitcoin despite IMF disapproval. Pakistan and El Salvador have launched their first formal bilateral relationship, and they’re anchoring it in cryptocurrency. Pakistan’s special assistant to the prime minister on crypto and blockchain, Bilal Bin Saqib, met with El Salvador’s President Nayib Bukele in San Salvador to outline a new knowledge-sharing partnership focused on cryptocurrencies, as Bloomberg first reported. STORY CONTINUES BELOW Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy. The meeting marks a pivot for Pakistan, which only recently began embracing crypto. The country moved back in May to use surplus energy from coal-fired power plants to mine bitcoin BTC$85,064.05, and last month engaged with Strategy’s Michael Saylor to explore the cryptocurrency’s role in its sovereign reserves. Pakistan is moving toward crypto despite financial oversight by the International Monetary Fund, which recently rejected its proposal to subsidize power for bitcoin mining. The country is looking to set up a BTC reserve and already allocated 2,000 megawatts to mining. It also set up a new regulatory body in May, the Pakistan Digital Assets Authority, to oversee the growing domestic crypto economy$BTC

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#StrategyBTCPurchase A clear positive correlation links Bitcoin and COIN. Both assets consistently share major highs and lows. Consequently, we expect this relationship to continue during the current downturn. Furthermore, Bitcoin now approaches its April 2025 low. It will likely retest the September 2024 low next. Therefore, COIN should follow this same path. This alignment targets the $150 area for Coinbase.$BTC $ETH

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