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Why Is Bitcoin Up Today? Bitcoin Sets New High After Fed Minutes

  • Bitcoin reached a new all-time high above $112,000 after the release of the Fed minutes.
  • The Fed expects two rate cuts in 2025, with some members open to cutting rates as soon as this month.
  • Investors are anticipating looser policy ahead of the next week’s CPI report, driving up interest in Bitcoin and other digital assets.
  • Bitcoin's price surged to $112,142, up over 2% in the last 24 hours, following upbeat reactions from investors to the Fed's potential rate cuts.

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