Analysis: A rebound in tech stocks has boosted risk sentiment, and the Bitcoin has rebounded slightly after hitting a recent low.
Svmuu News: Following Micron’s release of optimistic financial results and Qualcomm’s positive earnings outlook, sentiment in the tech sector has clearly improved, driving a rebound in market risk appetite and easing previous concerns about a cooling in AI-related trading. Bitcoin Driven by this, the price rebounded after hitting a 20-month low, rising 0.3% to $61,106, having earlier dipped to $59,062 during the session.Market attention has now shifted to the upcoming U.S. PCE inflation data, which may influence expectations for the Federal Reserve’s future interest rate policy and further shape the performance of risk assets.
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Source:Odaily · Source Link
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