Traders focus on tech earnings and interest rate data

Microsoft and Alphabet are scheduled to release their third-quarter results on Wednesday, followed by Amazon on Thursday. Investors will assess whether their performance supports continued heavy investment in artificial intelligence infrastructure.

Strong results could ease concerns about hyperscaler valuations and help stabilize sentiment.

Disappointing figures, however, could prolong the AI-related equity selloff and weigh on the cryptocurrency recovery.

In addition to that, the Federal Reserve is expected to hold rates steady later today.

However, analysts expect chair Kevin Warsh’s guidance on inflation and the timing of rate cuts could be the bigger catalyst for Bitcoin.

As…