The Swiss National Bank rejects bitcoin due to volatility Flash news details

On March 1, 2025, the Swiss National Bank (SNB) announced its rejection of Bitcoin as a viable currency, as Snb Martin Sheliegel’s president pointed to his high fluctuation and a lack of qualities required for a good currency (Crypto Rover, Twitter, March 1, 2025). After this announcement, Bitcoin witnessed immediate market reactions. At 10:00 am World time, the Bitcoin price decreased from $ 65,000 to $ 6,200 within 30 minutes, which represents a 2.77 % decrease (Coinmarkcap, 1 March 2025). The trading volume increased by 15 % during this period, as it reached 2.1 million BTC trading (CryptocCOSPARE, 1 March 2025). This event also affected other main encryption currencies, as ETHEREUM (ETH) decreased by 1.8 % to $ 3,200 at 10:30 am UTINECKO, 1 March 2025). Rejection is highlighted by an important financial institution such as SNB, the continuous debate about the role of Bitcoin in the traditional financial system and its impact on market morale and trading activity.

Trading effects for great SNB rejection. Bitcoin fluctuations increased, as fluctuations in an hour reached 3.5 % compared to 2.2 % in the previous day (TradingView, 1 March 2025). This volatility has led to a rise in trading activity through multiple commercial pairs. On the BTC/USD pair, the trading volume increased by 20 % to $ 12.6 billion within an hour of advertising (Binance, 1 March 2025). Likewise, the BTC/EUR pair witnessed a 18 % increase in trading volume, reaching 10.5 billion euros (Kraken, 1 March 2025). The market’s reaction to the SNB statement indicates that there are short -term feelings in the short term, as traders may look forward to taking advantage of the increasing fluctuations. In addition, rejection may reassess the Bitcoin position in the institutional portfolios, which may affect long -term investment strategies.

Technical indicators have published a SNB Declaration showing a phone deviation on the daily scheme of Bitcoin. The Relative Power Index (RSI) decreased from 65 to 58, indicating a shift towards a decreased momentum (TradingView, 1 March 2025). MACD also showed a landmark, as the MACD line crosses the signal line at 11:00 am International time (Coinigy, March 1, 2025). The scales on the series confirmed this trend, with the increase in the proportion of the Bitcoin network to transactions (NVT) from 75 to 82, indicating a possible estimate (Glassnode, 1 March 2025). The trading volume on decentralized stock exchanges (DeXs) also increased by 12 %, reaching 50,000 BTC traded during the first hour after the announcement (UISWAP, 1 March 2025). These indicators indicate that merchants must closely monitor Bitcoin price movements and consider possible short -term trading opportunities.

Regarding the news related to AI, Amnesty International’s direct developments were not reported on the same day as SNB Bitcoin was rejected. However, the broader encryption market morale that is affected by these news can indirectly affect the symbols associated with the prosecution. For example, artificial intelligence symbols such as Singularity (AGIX) and Fetch.ai (Fet) have seen a slight decrease by 1.5 % and 1.2 %, respectively, at 11:00 am International time, after Bitcoin (Coinmarketcap, 1 2025) decreased. The relationship between bitcoin and artificial intelligence symbols remains clear, as market morale transformations often affect the ecosystem for the entire encryption. Traders must closely monitor the performance of the distinguished symbol of Amnesty International, as any Amnesty International Development Advertisements can provide chances of Crypto Crossover space. In addition, the AI’s trading algorithms may adjust their strategies based on increased fluctuations, which may lead to changes in trading sizes for both bitcoin and self -science.