Bitcoin is currently facing resistance at the $27,500 level, despite recent bullish momentum. Tether has announced plans to acquire Bitcoin to diversify its holdings and maintain the 1-to-1 peg of USDT to the US dollar.

The murder of a Korean woman in a dispute related to cryptocurrency losses has increased pressure on the government to pass the country's first independent cryptocurrency law.

Pakistan has no plans to legalize cryptocurrency trading due to FATF requirements, limiting gains for major cryptocurrencies. Traders should monitor Bitcoin's performance at the $27,500 level, as it could potentially lead to a retracement towards $27,000 and $26,800.