On April 18, 2025, SPAR, a global grocery giant, announced its acceptance of Bitcoin payments in its Swiss stores, marking a significant step towards mainstream cryptocurrency adoption (source: Crypto Rover, Twitter, April 18, 2025). This development was immediately reflected in the cryptocurrency markets, with Bitcoin experiencing a sharp increase in price. At 10:00 AM UTC on the same day, Bitcoin surged from $62,500 to $64,200 within an hour, a rise of approximately 2.72% (source: CoinMarketCap, April 18, 2025). The trading volume also saw a substantial spike, increasing by 45% from the previous day’s average to 2.1 million BTC traded within 24 hours (source: CoinGecko, April 18, 2025). This news not only affected Bitcoin but also had ripple effects across other cryptocurrencies, particularly those with strong ties to real-world utility and adoption.

The acceptance of Bitcoin by a major retailer like SPAR has significant trading implications. The immediate price surge indicates a positive market sentiment towards increased mainstream adoption. On April 18, 2025, at 11:30 AM UTC, the Bitcoin to USD trading pair (BTC/USD) showed increased volatility, with the hourly moving average rising from $63,000 to $63,800 (source: TradingView, April 18, 2025). Additionally, the Bitcoin to Ethereum trading pair (BTC/ETH) also saw a 1.5% increase in the Bitcoin price against Ethereum, reflecting a broader market shift towards Bitcoin (source: Binance, April 18, 2025). The on-chain metrics further supported this bullish trend, with the number of active Bitcoin addresses increasing by 10% within 24 hours, reaching 1.2 million addresses (source: Glassnode, April 18, 2025). These indicators suggest that traders should consider the potential for continued upward momentum in Bitcoin’s price due to this news.

Technical analysis on April 18, 2025, shows that Bitcoin’s price broke above its 50-day moving average of $61,000 at 10:30 AM UTC, signaling a strong bullish trend (source: TradingView, April 18, 2025). The Relative Strength Index (RSI) for Bitcoin reached 72, indicating overbought conditions but also suggesting strong buying pressure (source: Coinigy, April 18, 2025). Trading volume for Bitcoin on major exchanges like Coinbase and Binance increased by 35% and 40% respectively compared to the previous day, with Coinbase reporting a volume of 1.5 million BTC and Binance reporting 1.8 million BTC traded (source: CryptoCompare, April 18, 2025). These metrics underscore the market’s enthusiasm for Bitcoin following the SPAR announcement. Traders should monitor these indicators closely for potential entry and exit points in their trading strategies.

Frequently Asked Questions:
How does SPAR’s acceptance of Bitcoin affect its price? The acceptance of Bitcoin by a major retailer like SPAR increases its utility and mainstream adoption, leading to a positive market sentiment and a subsequent rise in its price. On April 18, 2025, Bitcoin’s price surged by approximately 2.72% within an hour of the announcement.

What trading strategies should be considered following this news? Traders should consider buying Bitcoin on the dip, as the market sentiment is bullish. Monitoring the 50-day moving average and RSI can help identify potential entry and exit points. Additionally, keeping an eye on trading volumes and on-chain metrics can provide further insights into market dynamics.

How does this news impact other cryptocurrencies? The news of SPAR accepting Bitcoin payments has a positive impact on other cryptocurrencies, particularly those with real-world utility. On April 18, 2025, cryptocurrencies like Ethereum and Litecoin also saw price increases of 1.2% and 1.8% respectively, indicating a broader market shift towards cryptocurrencies with practical applications.