Bitcoin Surges Above $64,000 as Investors Eye Federal Reserve Decision

Bitcoin has bounced back above $64,000 after recovering from recent weakness, with investors turning their attention to the US Federal Reserve's interest rate decision later in the day.

The world's largest cryptocurrency gained around 1% in the last 24 hours despite ongoing uncertainty across global financial markets.

Traders are betting that the Fed will keep interest rates unchanged while looking for signals on future policy moves that could influence cryptocurrencies. At the same time, Bitcoin has shown resilience by outperforming several technology and AI-linked stocks, strengthening hopes that the digital asset could extend its recovery if macroeconomic conditions remain supportive.

The recovery comes after Bitcoin briefly slipped below key support levels earlier this week. Market participants now believe the digital asset could witness higher volatility once the Federal Reserve announces its monetary policy decision.