After a shaky start to the week, Bitcoin showed resilience yesterday, breaking above $61k, before settling around the $60.5k level. BTC posted a solid 5% gain, while stock markets gave mixed signals, hovering near recent highs. Meanwhile, gold slipped by more than half a percent.
Today marks a crucial moment for financial markets, with the US Federal Reserve’s long-awaited interest rate decision. Fed Chairman Jerome Powell is set to announce a potential 50 basis point rate cut—a move anticipated by most analysts. Regardless of the outcome, the decision is expected to bring heightened volatility, especially for BTC, which could swing in either direction. Altcoins are also showing strength alongside Bitcoin.
In other news, Microsoft and BlackRock have unveiled plans for a $30 billion fund to invest in AI infrastructure, which may bring renewed attention to AI-focused crypto tokens.
