Bitcoin remains weak ahead of the Federal Reserve decision and technology company earnings announcements.
Bitcoin only slightly rebounded after hitting a five-week low overnight, with investors focusing on the Federal Reserve's policy decision on Wednesday and earnings reports from large tech companies this week. The Fed is expected to keep interest rates unchanged, but the market will be looking for any clues about future rate cuts. President Trump is also expected to announce his pick for the next Federal Reserve chairman in the coming days. In terms of tech company earnings, Tesla, Microsoft, and Meta will report on Wednesday, while Apple will report on Thursday. Meanwhile, the U.S. faces the risk of another government shutdown, and there is speculation that the U.S. and Japanese authorities may intervene to support the Japanese yen. According to data from the London Stock Exchange Group, Bitcoin rose by 1.7% to $87,946, after hitting a low of $86,021 overnight.
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