Live updates: Bitcoin holds near $64,000 as Microsoft's AI payoff lifts stocks
Bitcoin prices remain stable near $64,000 as investors react positively to Microsoft's strong cloud growth and AI-driven earnings. The market is showing increased confidence that AI capital expenditures are successfully translating into actual revenue growth.
Why it matters
The correlation between Bitcoin and the AI-tech sector suggests that crypto assets are increasingly being traded as part of broader risk-on technology market trends.
S&P 500 futures gained 0.2% and Nasdaq 100 contracts rose 0.4% after the index had slipped into a correction, with Microsoft up 8% in premarket after its cloud unit grew at the fastest pace in four years while it held the line on spending.
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