Bitcoin Rises 0.3% to $61,106 as Tech Sentiment Improves Ahead of U.S. PCE Data

Bitcoin rose 0.3% to $61,106 after rebounding from a 20-month low, after earlier dipping to an intraday low of $59,062. According to Odaily, sentiment in the technology sector improved following optimistic earnings from Micron Technology and a positive performance outlook from Qualcomm. Odaily said the shift lifted market risk appetite and eased earlier concerns about cooling AI-related trades. Market attention has now turned to upcoming U.S. PCE inflation data, which Odaily said could influence expectations for the Federal Reserve’s future interest-rate policy and affect the direction of risk assets.