Microsoft Earnings Boost Market Confidence, Bitcoin Holds Near $64K

Bitcoin's price steadied near $64K yesterday as US stock futures rose following strong earnings from Microsoft.

The tech giant's cloud unit saw its fastest growth in four years without increasing spending, indicating that investments in AI are starting to generate returns.

This positive outlook boosted market confidence, lifting the S&P 500 and Nasdaq futures.

Bitcoin's price movement closely followed the tech sector's AI-driven gains rather than crypto-specific factors, reflecting investor sentiment tied to AI growth prospects.