The U.S. Federal Reserve just released the FOMC meeting minutes from their June 17โ18, 2025 discussion, and itโs already shaking both traditional and crypto markets. The News resulted in Bitcoin All time high of around $112K.
Fed Meeting Minutes Hint at Rate Cuts, But Not Yet
As per theย Fed meeting minutes, most members of the Federal Open Market Committee agreed to keep rates unchanged for now. Despite pressure from U.S. President Donald Trump to cut rates fast and even replace Fed Chair Jerome Powell, only a few policymakers supported an immediate cut. As of now,ย interest rates are 4.20% to 4.50%.ย
The reason? Inflation concerns due to global tariffs. Officials said they want to wait for more clear economic data. However, the Fed still expects to make two small cuts (0.25% each) by the end of 2025 โ likely one in September and another in December โ if inflation shows signs of cooling.
The next major review will take place on July 29โ30, and thatโs when markets will look for any rate changes.
BTC New All Time High Today: What Triggered Bitcoinโs Price Spike?
Right after theย Fed interest rate decisionย was made public, the crypto king reacted fast.
As per Binance data,ย BTC hit a new all time high todayย of x โ breaking its previous record of $111,970.17 set onย Bitcoin Pizza Day, May 22.
Source: X
At the time of writing, itย is trading around $111,160.15, showing a 2.5% intraday surge. The total market cap is now $2.21 trillion, with $60.5 billion in 24-hour trading volume.
While theย Bitcoin price newsย is partly driven by theย FOMC meeting minutes, another reason is Trumpโs aggressive push for crypto.
From removing SEC Chair Gary Gensler to promoting the U.S. as a crypto capital, Trump has made bold moves. His latest demand? A historic 300 basis point interest rate cut โ 3 times larger than the biggest ever cut in 2020.
Experts believeย Trump will likely succeed in pushing Powell to resignย and lower rates. This confidence is boosting trust in crypto and helped drive theย BTC new all time high.
Bitcoin Price Prediction: Can BTC Reach $120,000?
Based on the daily chart, After a long consolidation, finally yesterday the pattern has breached and made a new all time high. After weeks of consolidation between the $101,000 and $111,000 range, BTC broke the upper trendline, suggesting the possibility of a bullish continuation. The 20-day and 50-day EMAs (currently around $108,086 and $105,763 respectively) are sloping upward and offering dynamic support, while the RSI remains strong at 61.45 โ just below the overbought zone, indicating healthy momentum.
If BTC closes convincingly above $112,000, the next resistance to watch is around $115,000. A breakout beyond this level could potentially push the price toward $120,000ย level.
Source: TradingView
However, if the price fails to hold above the $108,000โ$110,000 region, a pullback toward $105,000 or even the 100-day EMA near $101,913 could be expected before another bullish attempt.
Is This the Right Time to Enter the Crypto Market?
With a clear message from theย Fed meeting interest rates, more people are thinking about crypto. Experts likeย Michael Saylorย and Robert Kiyosaki have already said Bitcoin is a strong long-term bet.ย Considering theย Bitcoin price prediction, Trumpโs crypto push, and upcoming rate cuts, many investors believe now could be a good time to enter digital assets โ especially before further Fed action.
Conclusion
The FOMC minutes are crystal clear in indicating rate cuts are imminent and have already permitted Bitcoin to reach a new price high. Although the market remains price-volatile, long-term indicators are still bullish for crypto and Bitcoin.
Disclaimer:ย This article is for educational purposes only. It is not an investment advisory. Please do your own due diligence before investing in cryptocurrencies.
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