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via finance.yahoo.comMarkets

Bitcoin rises near $81k as tech rally lifts risk appetite ahead of Fed

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com-- Bitcoin rose on Wednesday, aided chiefly by a rally in technology and chipmaking stocks that helped shore up risk appetite before a Federal Reserve decision on interest rates later in the day. Still guessing which stocks will beat the market? Our AI portfolio…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishBitcoin's gain follows the tech rally and precedes the Fed rate decision.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Bitcoin rose 1.2% to $80,948.5.
  2. 02The tech and chip rally supported risk appetite.
  3. 03Bitcoin was set to fall 3.2% in October, its second straight annual loss for the month.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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AI use policy. UCapital AI supports the newsroom with news analysis, summaries, market reactions, translations and the generation of cards and charts. AI-generated or AI-assisted content is labelled in the byline (AI Desk, a named AI profile marked «AI», or joint byline) and is reviewed by editors before publication. News received via API feeds from third-party providers is attributed to the original source. AI can make mistakes: report any inaccuracies to the newsroom. Users’ personal data is not used to train the models.