Bitcoin Trades Steady as U.S. Stock Futures Stabilize

Dow Jones06-24

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)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment