Bitcoin was edging higher following gains in U.S. stocks overnight on optimism over upcoming U.S. megacap tech earnings.
Investors are positioning ahead of results from Microsoft, Apple, Meta and Tesla this week.
“The spotlight now shifts to whether the AI-fuelled stock rally can sustain its momentum,” Tickmill Group’s Patrick Munnelly said in a note.
The Federal Reserve’s policy decision on Wednesday is also a key focus this week. The Fed is widely expected to leave interest rates unchanged but markets will be looking for any hints on the pace of anticipated future rate cuts.
Bitcoin rose 0.3% to $88,250, LSEG data show.