Bitcoin Resists Fed Uncertainty as Tech Stocks Take Hit

Bitcoin held steady near $64,000 on Tuesday as investors braced for one of the most uncertain U.S. Federal Reserve meetings in years.

The leading cryptocurrency has been relatively stable despite losses in AI-driven technology stocks, which have declined nearly 20% this month.

This divergence between crypto and tech equities may be due to Bitcoin's consolidation near multi-year lows and the Nasdaq's extended rally, according to K33 Research head of research Vetle Lunde.

Analysts attribute the unusual uncertainty surrounding the Fed's interest rate decision to Chair Kevin Warsh's reduced reliance on forward guidance, leaving investors with fewer clues about the central bank's policy direction.