Bitcoin Soars Toward $95K as Gold Correlation Rises, Swiss Retailers Adopt BTC

BTC Price Nears $95,000, Turns Positive for 2025 to Underline Correlation With Gold

According to CoinDesk, Bitcoin (BTC) has returned to positive territory for the year for the first time in almost two months, with its price approaching $95,000. This recovery erases a previous drop of as much as 18%. Since December 31, BTC is up less than 1.5%, positioning it between gold, which has gained 24%, and the Nasdaq 100, which is down over 7% in the same period.

Bitcoin’s correlation with gold has strengthened, now standing at 0.70, while its correlation with the Nasdaq 100 is at 0.53. This shift suggests that Bitcoin is behaving more like digital gold than a leveraged tech stock. The past week saw Bitcoin’s price rise by 10%, marking its strongest weekly performance since November 17, 2024, following President Donald Trump’s election victory.

Despite economic uncertainty caused by President Trump’s aggressive tariffs on China—U.S. levies on Chinese goods were raised to 145% earlier this month, leading to a significant drop in cargo shipment demand—Bitcoin has shown resilience. Major retailers like Walmart have warned of potential empty shelves and higher prices, reminiscent of the COVID era.

James Van Straten, Senior Analyst at CoinDesk, notes that Bitcoin’s strong correlation with gold is a sign of its evolving role in the broader financial system.

Asset	YTD Performance	Correlation with BTC
Bitcoin	+1.5%	1.00
Gold	+24%	0.70
Nasdaq 100	-7%	0.53

BTC price is nearing $95,000 after a 10% weekly gain.
Correlation with gold is at 0.70, higher than with tech stocks.
Economic uncertainty persists due to U.S.-China tariffs.

Summary: Bitcoin’s price recovery and its increasing correlation with gold highlight its growing role as a digital store of value amid global economic instability. (Source: CoinDesk)

Major Supermarket Chain Spar to Launch Bitcoin Payments Across Switzerland

Decrypt reports that Spar supermarkets in Switzerland are set to expand Bitcoin payments nationwide after successful pilots in Zug and Kreuzlingen. The payment system uses DFX Swiss’s OpenCryptoPay platform, allowing shoppers to pay at checkout using QR codes and the Lightning Network. This move positions Spar as one of the first major supermarket chains in Switzerland to integrate direct Bitcoin payments for everyday purchases.

Rahim Taghizadegan, director of Bitcoin Association Switzerland, described the process as simple: “Just scan a static QR code, send sats, immediate and easy registration by the cashier.” The rollout is now visible on BTC Map, which tracks Bitcoin-accepting businesses. Over 600 businesses in Switzerland currently accept Bitcoin, according to BTC Map data.

Despite Switzerland’s reputation as a crypto hub, there is debate about Bitcoin’s suitability for national reserves. Swiss National Bank Chairman Martin Schlegel recently stated that “cryptocurrency cannot currently fulfil the requirements for our currency reserves.” Meanwhile, a citizen-led initiative is seeking to amend the Swiss Constitution to require the central bank to hold Bitcoin alongside gold, which could go to a national referendum if it garners 100,000 signatures.

Other Swiss cities, such as Zug and Lugano, have already adopted Bitcoin for tax and municipal payments. Internationally, Panama City’s council has passed legislation allowing residents to pay taxes and fees with Bitcoin, Ethereum, and major stablecoins.

Spar to roll out Bitcoin payments across Switzerland after successful pilots.
Over 600 Swiss businesses accept Bitcoin.
Debate continues over Bitcoin’s role in national reserves.

Summary: Spar’s nationwide Bitcoin payment rollout marks a significant step in mainstream crypto adoption in Switzerland, despite ongoing debates about its role in the national economy. (Source: Decrypt)

Bitcoin Setting Up for Break of All-Time Highs As Capital Flows Into BTC Ramp Up, Says Analyst Willy Woo

The Daily Hodl reports that veteran Bitcoin analyst Willy Woo believes Bitcoin is preparing for a potential break of new all-time highs, driven by increasing capital flows into the network. Woo notes that both total and speculative flows have bottomed, creating a bullish environment anchored in fundamentals.

However, Woo cautions that in the short term, Bitcoin may experience more sideways price action due to the on-chain volume-weighted average price (VWAP) being at +three standard deviations, indicating overextension. He suggests that while a slow grind upwards is possible, dips are likely in the very short term and present buying opportunities under the current regime.

“BTC is setting up for another break of all-time highs if the capital flow trend continues. It’s a solid long-term setup. All dips are for buying under the present regime. In the very short term, there are good chances of dips.” — Willy Woo

BTC Price (at time of writing)	7-Day Change
$93,768	+11%

Capital flows into Bitcoin are increasing, supporting a bullish outlook.
Short-term sideways action is likely before a potential breakout.
Current dips are seen as buying opportunities.

Summary: Analyst Willy Woo sees strong fundamentals for Bitcoin, with capital inflows setting the stage for a potential break of all-time highs, though short-term volatility is expected. (Source: The Daily Hodl)

Bitcoin Price Chart Looks Set for $100K, SUI, AVAX, TRUMP and TAO Expected to Follow

Cointelegraph highlights that Bitcoin booked a 10% gain in the past week, with technical indicators remaining bullish. Analysts expect Bitcoin to gain an additional 40% by the end of the year. The sharp up move is supported by strong buying in U.S. spot Bitcoin ETFs, which saw inflows of $3.06 billion, according to Farside Investors data. Bloomberg ETF analyst Eric Balchunas noted the rapid acceleration of these inflows.

Sina, co-founder of 21st Capital, stated that Bitcoin has reclaimed the power-law price, with his Bitcoin Quantile Model projecting a price between $130,000 and $163,000 before the end of 2025. Another analyst, apsk32, targets more than $200,000 for Bitcoin in Q4 2025.

Technical analysis shows that a close above $95,000 could propel Bitcoin to $100,000 and eventually to $107,000, with sellers expected to defend the $107,000–$109,588 zone. The 20-day exponential moving average ($88,619) is a key support level, and a break below it could bring the $95,000–$73,777 range into play.

Other cryptocurrencies are also showing positive momentum:

SUI: Facing resistance near $3.90, with potential to rise to $4.25 and $5 if it breaks above this level. Support is at $3.14 and $2.94.
AVAX: Range-bound between $23.50 and $15.27. A break above $23.50 could target $31.73.
TRUMP: Surged above $12.45, with potential to reach $17.69, $19.60, and $22.40 if it breaks $16 resistance. Support is at $11.56–$12.45.
TAO: Broke above the downtrend line, facing resistance at $375. A move above $375 could target $495, while support is at the 20-day EMA ($298).

Asset	Key Resistance	Potential Target	Key Support
BTC	$95,000	$100,000–$107,000	$88,619 (20-day EMA)
SUI	$3.90	$4.25–$5	$3.14–$2.94
AVAX	$23.50	$31.73	$15.27
TRUMP	$16	$17.69–$22.40	$11.56–$12.45
TAO	$375	$495	$298 (20-day EMA)

Bitcoin’s technicals and ETF inflows support a bullish outlook.
Analysts project significant upside for BTC and select altcoins by year-end.
Key support and resistance levels are critical for near-term price action.

Summary: Bitcoin’s price action and strong ETF inflows point to a potential rally toward $100,000, with SUI, AVAX, TRUMP, and TAO also showing bullish setups. (Source: Cointelegraph)

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