Bitcoin rose around 0.8% since midnight UTC to $81,400 on Monday after dropping below $80,000 on Tuesday. The altcoin market also showed strength, with ether gaining 0.9% and the CoinDesk Memecoin Index advancing 1.3%.
Asian chip stocks led a rebound in AI shares. South Korea’s Kospi index jumped 6.6% as SK Hynix surged around 11% after reporting a sevenfold jump in profit. Nasdaq-100 index futures gained 0.5%.
The Federal Reserve is due to announce its decision on U.S. interest rates at 18:00 UTC, with CME’s FedWatch tool showing around a 92% chance of no change. Traders will be looking to Chair Kevin Wash’s press conference for clues on whether any increases are on the cards.
U.S. spot ETFs took in $176 million on Tuesday, a second day of inflows, while Alphabet and Microsoft report earnings after markets close.
Derivatives Positioning
- Futures activity: Crypto futures trading volume rose…
