Bitcoin Hits $113,788.23 All-Time High After Fed Minutes

Bitcoin has reached an unprecedented high, surging to $113,788.23, its highest value ever recorded. This remarkable ascent occurred in response to the Federal Reserve's latest minutes, which defied expectations set by tariff-related communications that suggested a more cautious economic approach. The Fed, after months of delay, appears to have concluded its current phase of monetary policy.

The Federal Reserve has indirectly contributed to this cryptocurrency rally. In recent weeks, board member Waller identified July as a potential month for interest rate reductions. Additionally, two other officials have indicated their readiness to support cuts, contingent upon economic indicators. While Waller’s comments lacked specifics, he emphasized that the path for easing was clear.

Stablecoins are expected to revolutionize payment systems. The further spread of the dollar internationally could be driven by these digital currencies. Stablecoins might reduce cash demand, thereby increasing the dollar’s global dominance. Tariffs, when introduced, typically elevate prices temporarily, a fact that central banks often disregard. Even though tariffs aren’t negligible, their influence isn’t overly substantial. Experts highlight that the current stringent policy rate may warrant reduction, suggesting that potential monetary easing would not stem from political influence.

With an anticipated effective tariff rate ranging from 15-20%, President Trump has reinstated previous rates across almost all trade partners. The FedWatch tool expresses skepticism toward Waller’s optimism as it indicates a lower-than-expected rate drop for this month by 6.7%. September signals a notable 2% increase in rate cut expectations, climbing over 65% today.

In light of these trends, the digital currency domain continues to witness dynamic shifts. Stakeholders and market analysts remain keenly observant of further economic policy adjustments and their potential ripple effects on the cryptocurrency landscape. With a diverse range of economic indicators influencing the market, anticipation runs high for future developments.

Bitcoin's price surged to unprecedented heights, reaching a new all-time high of $112,000 on July 10, 2025. This significant milestone was driven by global market reactions following President Donald Trump's announcement of new tariffs. The cryptocurrency had previously corrected from its earlier highs, but the latest surge was fueled by a combination of factors, including inflation risks and the potential impact of a 300 basis point rate cut on asset prices. Analysts weighed these factors as Bitcoin jumped within 30 minutes of Trump's rate-cut post, highlighting the cryptocurrency's sensitivity to macroeconomic developments.

The surge in Bitcoin's price was not an isolated event but part of a broader rally in the crypto market. Bitcoin's upward trajectory began on July 9, 2025, when it reached $109,343, and continued to climb, benefiting from Trump's statement. This bullish trend was confirmed as Bitcoin powered past $112,000 to another record high, its first since late May, before consolidating in early trade on the following day. The cryptocurrency's price action showed a strong bullish trend on the daily chart, with sustained buying pressure despite overbought conditions indicated by the Relative Strength Index (RSI) at 78.

The market's reaction to Bitcoin's surge was swift and significant. The cryptocurrency's new all-time high triggered a wave of interest and investment, with traders and investors closely monitoring key levels. Immediate resistance was noted at $110,000, while support was identified at $100,000. The interplay between stock market movements and crypto was evident, as positive sentiment in equities often correlated with increased risk appetite for digital assets. This dynamic was highlighted by the technology-heavy Nasdaq climbing to a record close, reflecting a broader market rally that included Bitcoin.

The surge in Bitcoin's price also coincided with heightened activity in crypto-related stocks, reflecting strong investor confidence in the cryptocurrency's trajectory. The rally was fueled by a combination of institutional interest and macroeconomic factors, including ongoing inflation concerns and anticipation of potential rate cuts by the Federal Reserve. These factors historically drive capital into risk assets like cryptocurrencies, contributing to Bitcoin's remarkable run.

As Bitcoin shatters previous all-time highs, traders are keenly observing whether this momentum can sustain or if profit-taking will lead to a sharp correction. The crypto market's reaction to stock market dynamics is critical, as positive sentiment in equities often correlates with increased risk appetite for digital assets. This milestone for Bitcoin also coincides with heightened activity in crypto-related stocks, reflecting strong investor confidence in the cryptocurrency's trajectory. The interplay between stock market movements and crypto is evident, as positive sentiment in equities often correlates with increased risk appetite for digital assets. This dynamic was highlighted by the technology-heavy Nasdaq climbing to a record close, reflecting a broader market rally that included Bitcoin.