AI Stock Weakness Fails To Deter Bitcoin Ahead of FOMC News
In Bitcoin news today, the price edged +1% higher to $64,250 on Wednesday morning, even as an AI-driven equity rout tore through Asian and semiconductor markets.
Bitcoin is holding a level that growth stocks cannot, hours before the Federal Reserve delivers a rate decision that could entirely redraw the risk landscape.
BTC USD is recovering from a slide below $63,000 in the prior session when it briefly tracked the broader AI stock selloff lower. The bounce back above that threshold, modest as it is, carries more signal than the percentage move alone suggests.
Trading volume is also significant, at $62Bn over the past 24-hours, up $1Bn from yesterday, highlighting an influx of liquidity into the crypto markets. The total crypto market cap has surged by +0.8% overnight, currently at $2.28 trillion.
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