Bitcoin’s Bullish Surge: Nearing the $100K Milestone Amid SEC Developments

Bitcoin has experienced a significant surge, climbing 12% this week to breach the $95,000 mark, as the cryptocurrency community eagerly anticipates the $100,000 threshold. This rally is largely attributed to the appointment of Paul Atkins as the new SEC chair, which has sparked Optimism around ETF approvals and increased retail investor interest. With whales accumulating BTC on dips and technical indicators like the RSI signaling continued upward momentum, the market is poised for a potential weekend breakout. As of April 28, 2025, Bitcoin’s fair value estimation remains a hot topic among investors and analysts alike.

Bitcoin Nears $100K Threshold as Bulls Rally Behind SEC Catalyst

Bitcoin surged 12% this week, breaching $95,000 amid speculation of an imminent $100,000 milestone. The rally follows Paul Atkins’ appointment as SEC chair, triggering ETF inflows and retail investor interest.

Whales are accumulating BTC on dips while technical indicators flash bullish signals. The RSI suggests continued upward momentum as the market watches for a potential weekend breakout.

Bitcoin’s Fair Value Estimated at $130K by Energy-Based Valuation Model

Bitcoin’s intrinsic value may be dramatically undervalued at current market prices, according to analysis by Capriole Investments founder Charles Edwards. His proprietary Bitcoin Energy Value model calculates a $130,000 fair value for BTC—nearly 40% above its current $94,000 trading level.

The model anchors Bitcoin’s valuation to the energy expenditure of its mining network, treating joules consumed as tangible economic inputs. This physics-based approach offers an alternative to traditional financial metrics, framing Bitcoin’s security costs as fundamental to its value proposition.

Binance Sees Historic Bitcoin Outflow as 27,750 BTC Exit Exchange

Binance recorded its third-largest Bitcoin outflow in history, with 27,750 BTC withdrawn in a single day. The movement has sparked speculation among traders and analysts, suggesting institutional players may be shifting holdings to cold storage—a pattern historically associated with impending market shifts.

While large-scale outflows don’t guarantee price appreciation, they often signal strategic positioning. Reduced exchange supply can create upward pressure if met with sustained demand. The 2021 precedent serves as a cautionary tale, however, when similar outflows preceded a market downturn.

Swiss National Bank Rejects Bitcoin Reserve Proposal Citing Volatility Concerns

The Swiss National Bank has firmly dismissed calls to include bitcoin in its currency reserves, delivering a pointed critique of cryptocurrency’s suitability for central bank operations. President Martin Schlegel highlighted structural weaknesses during the bank’s General Assembly, noting that liquidity risks during crises and extreme price volatility make bitcoin incompatible with the SNB’s mandate for long-term value preservation.

The rejection comes despite pressure from the Bitcoin Initiative, a pro-crypto advocacy group that had presented research advocating for bitcoin’s inclusion. Schlegel’s remarks underscore the growing divide between cryptocurrency proponents and traditional financial institutions, particularly regarding reserve asset standards.

Market observers note the decision maintains Switzerland’s cautious stance toward crypto assets, even as other European jurisdictions explore digital asset integration. The SNB’s position reflects broader central bank skepticism about bitcoin’s maturity as a reserve instrument.

Crypto Market Sentiment Shifts from Fear to Neutral as Bitcoin Recovers

The Crypto Fear and Greed Index has climbed to 53, reflecting a neutral market sentiment after a month-long recovery from fear levels of 34. This marks a notable shift in investor confidence, with Bitcoin historically rallying above $100,000 during periods of extreme greed.

Market extremes remain fresh in traders’ minds—November 2024’s peak greed (88) coincided with all-time highs, while March 2025’s extreme fear (15) saw dramatic price corrections. The current equilibrium suggests cautious optimism as the market digests recent volatility.

Switzerland’s Crypto Regulation Faces Heat as Bitcoin Reserve Strategy Sparks Debate

Switzerland is under increasing pressure to reconsider its Bitcoin reserve strategy amid rising inflation and global economic uncertainty. A coalition of crypto advocates has initiated a referendum, pushing the Swiss National Bank (SNB) to include Bitcoin in its reserves alongside gold as a hedge against instability.

The SNB remains unmoved. Chairman Martin Schlegel recently dismissed the proposal, citing Bitcoin’s volatility as incompatible with the bank’s need for highly liquid and stable assets. Schlegel also questioned Bitcoin’s reliability, noting its software-based nature as a potential vulnerability.