On the evening of July 9, 2025, Bitcoin$BTC updated its absolute maximum, first climbing above the $112,000 level. Recall that the previous high was recorded in May. Since then, many participants in the crypto community have been waiting for an ATH update, as various crypto metrics indicated the likelihood of a continued bull run.

Bitcoin updated its high on expectations of a decrease in the key interest rate by the Federal Reserve. The reason was the publication of the FOMC meeting minutes for June. In it, the regulator hints at an imminent shift towards lowering rates. Changes may enhance the investment attractiveness of high-risk assets like crypto.

Additionally, the rise in BTC could have been supported by news that Apple has approved an iOS game with microtransactions in bitcoins for the first time in history.$WCT $FIS