Bitcoin surges past $124,000 following the release of Federal Reserve meeting notes suggesting further interest rate reductions are likely.

Federal Reserve Meeting Minutes

The U.S. Federal Reserve released the official minutes from its September meeting.

Interest Rate Expectations

Approximately half of the Federal Reserve committee members anticipate two additional rate cuts before the end of the year.

Bitcoin Price Movement

Bitcoin's price reached $124,000 following the release of the Federal Reserve's minutes, which suggested a potential acceleration of easing monetary policy.

Presidential Reaction

U.S. President Donald Trump may have reacted positively to the published Federal Reserve meeting minutes.