Bitcoin Rises Ahead of Tech Earnings, Fed Decision -- Market Talk
Dow Jones2026/07/29 12:301230 GMT - Bitcoin gains modestly as U.S. stock futures mostly rise ahead of the Federal Reserve's policy decision at 1800 GMT and earnings from tech giants. "Although it's unlikely that the Fed will hike interest rates on Wednesday, the new regime at the central bank has done away with forward guidance, increasing the risk of surprises," XM analyst Raffi Boyadjian says in a note. Microsoft and Meta are both due to publish results after Wall Street closes. Any signs that more big tech companies are tapping into their free cash flow to pay for costly AI vanity projects will likely spook investors, Boyadjian says. Bitcoin rises 0.8% to $64,387, LSEG data show.(renae.dyer@wsj.com)
(END) Dow Jones Newswires
July 29, 2026 08:30 ET (12:30 GMT)
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