Analysis: Tech stock rebound boosts risk sentiment, Bitcoin bounces slightly after hitting recent low

Odaily Planet Daily News Following Micron Technology's optimistic earnings report and Qualcomm's positive performance outlook, sentiment in the tech sector has notably recovered, driving an uptick in market risk appetite and alleviating earlier concerns over a slowdown in AI trading. Driven by this sentiment, Bitcoin rebounded after hitting a 20-month low, rising 0.3% to $61,106, after dipping to an intraday low of $59,062. Market attention now shifts to the upcoming US PCE inflation data, which could influence expectations for the Federal Reserve's future interest rate policy and further sway the performance of risk assets.