Analysis: Rebound in tech stocks boosts risk sentiment, bitcoin sees a modest recovery after hitting a recent low
Odaily reports that following Micron Technology's release of an optimistic financial statement and Qualcomm's positive performance outlook, market sentiment in the technology sector has noticeably warmed up, leading to renewed risk appetite and easing previous concerns about cooling AI trading. Driven by this, Bitcoin rebounded from a 20-month low, rising 0.3% to USD 61,106, having briefly dipped to USD 59,062 during the session. Currently, the market focus has shifted to the upcoming US PCE inflation data, which may affect expectations for the Federal Reserve's future interest rate policy and further influence the performance of risk assets.
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