1233 GMT - Bitcoin trades steady as U.S. stock futures stabilize following a two-day selloff in tech stocks driven by AI-bubble fears. Micron Technology's quarterly earnings after the U.S. close are in focus, Trade Nation's David Morrison says in a note. "There's a lot of good stuff already priced into the stock, so there's scope for disappointment." However, some positive forward guidance could be enough to boost Micro and the chip sector, he says. Meanwhile, the prospect of the Federal Reserve raising interest rates creates a headwind for tech stocks as it would make it more expensive to fund AI infrastructure spending via bond issues, he says. Bitcoin trades flat at $62,380, having reached a 12-day low of $61,921 Tuesday, LSEG data show. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
June 24, 2026 08:33 ET (12:33 GMT)
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