0814 GMT - Bitcoin rises after a tech-led rally in U.S. stocks overnight, although the cryptocurrency continues to trade below $90,000. Micron shares jumped after forecasting sharply higher profits on strong AI demand, lifting semiconductor peers, IG analysts say in note. Stocks were also boosted by Thursday's lower-than-expected U.S. inflation data that cemented expectations for further interest rates cuts by the Federal Reserve. However, data for October are missing due to the recent government shutdown, meaning investors are unable to draw any concrete conclusions about the inflation outlook. Bitcoin rises 2.9% to $88,080, LSEG data show.(renae.dyer@wsj.com)
(END) Dow Jones Newswires
December 19, 2025 03:15 ET (08:15 GMT)
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