# Bitcoin falls below $80,000 (about Rs 2.21 crore), lowest in over a month, on US Middle East evacuations

Source: Searchable (https://searchable.pk/news/crypto/bitcoin-falls-below-dollar80000-about-rs-221-crore-lowest-in-over-a-month-on-us)
Type: News article
Author: Searchable Editorial
Published: 24 Oct 2026
Updated: 24 Oct 2026
Retrieved: 25 Oct 2026

> Bitcoin dropped about 2% on Saturday and ether, XRP and Solana lost 3% to 4% after reports that the US is pulling staff out of Gulf embassies and bases over Iran threats.

**Bitcoin slipped below $80,000 on Saturday 24 October for the first time in more than a month**, trading at about **$79,700**, down 2.2% in 24 hours, [CoinDesk reported](https://www.coindesk.com/markets/2026/10/24/crypto-under-weekend-pressure-bitcoin-slides-below-usd80-000-on-u-s-middle-east-evacuations). At the interbank dollar rate of Rs 276.82, one bitcoin is worth about **Rs 2.21 crore**.

## The rest of the market

| Coin | Price (24 Oct, afternoon UTC) | 24-hour move |
|---|---|---|
| Bitcoin | about $79,700 to $80,080 | down about 2% |
| Ether | $2,315 (about Rs 6.41 lakh) | down about 3.8% |
| XRP | $1.28 | down about 2.6% |
| Solana | $100.35 | down about 3.9% |

CoinDesk's CD20 index of large coins fell about 3%.

## Why it fell

The trigger was a Wall Street Journal report on Saturday morning that the US is quickly evacuating staff from embassies and military bases across the Middle East, on intelligence that Iran is preparing attacks on Americans. That goes well beyond the earlier order for some diplomats to leave Saudi Arabia. US Director of National Intelligence Jay Clayton wrote to Secretary of State Marco Rubio on Friday that "Iran has substantially increased efforts to target U.S. personnel", and President Trump has threatened renewed action against Iran after the early November midterms.

Bitcoin had already been under pressure: US spot bitcoin ETFs lost $635 million in a single day this week ([our story](/news/crypto/bitcoin-etfs-lose-dollar635-million-in-a-day-the-most-since-june-bitcoin-near)), and the price failed at $84,800 on 22 October ([our story](/news/crypto/bitcoin-price-falls-back-to-dollar82800-about-rs-229-crore-after-failing-at)). Weekend trading is thinner, so moves on headlines can be sharper.

## What it means in Pakistan

Most Pakistanis who hold crypto price it in dollars on international exchanges and convert at the market rate. At today's interbank rate a $1,000 fall in bitcoin takes roughly Rs 2.77 lakh off a whole coin at today's interbank rate. Track the daily price with history on our [bitcoin data page](/data/btc-usd) and [ether data page](/data/eth-usd), and convert amounts with the [currency converter](/tools/finance/currency-converter).

## Frequently asked questions

**What is the bitcoin price in Pakistani rupees today?**

On 24 October 2026 bitcoin traded at about $79,700, roughly Rs 2.21 crore at the interbank rate of Rs 276.82 to the dollar.

## Sources

- Crypto under weekend pressure, bitcoin slides below $80,000 on U.S. Middle East evacuations (CoinDesk): https://www.coindesk.com/markets/2026/10/24/crypto-under-weekend-pressure-bitcoin-slides-below-usd80-000-on-u-s-middle-east-evacuations

How to cite: "Bitcoin falls below $80,000 (about Rs 2.21 crore), lowest in over a month, on US Middle East evacuations", Searchable, 24 Oct 2026, https://searchable.pk/news/crypto/bitcoin-falls-below-dollar80000-about-rs-221-crore-lowest-in-over-a-month-on-us