Bitcoin traded around US$64,250 on Wednesday, gaining roughly 1% despite a sharp decline in AI-related technology stocks across Asia. After briefly falling below US$63,000 in the previous session, the cryptocurrency recovered, suggesting stronger resilience than many semiconductor and AI-focused equities.

Crypto market activity also increased, with approximately US$62 billion in daily trading volume and the total cryptocurrency market value rising to about US$2.28 trillion. This indicates continued investor participation even as broader equity markets remain under pressure.

The weakness in AI stocks was led by major semiconductor companies, including SK Hynix, whose shares dropped significantly despite reporting strong earnings. Investors appeared disappointed because results failed to exceed already high expectations. While Bitcoin initially moved lower alongside the technology sector, it rebounded more quickly, highlighting that investors may be viewing it differently from companies heavily dependent on AI spending.

Market attention is now focused on the U.S. Federal Reserve’s policy announcement. Current expectations favour interest rates remaining unchanged, although some traders still see a possibility of a quarter-point increase. The decision and the Fed’s guidance on future policy are expected to influence risk assets, including Bitcoin.

If the Fed maintains rates without adopting a more aggressive tone, Bitcoin could continue trading within its recent range of roughly US$63,000 to US$65,000. More hawkish commentary or an unexpected rate increase could pressure prices toward lower support levels. On the other hand, signals that the Fed may eventually ease monetary policy could improve sentiment and encourage further gains.

Investors are also monitoring earnings from major technology companies such as Microsoft and Meta for clues about future AI infrastructure spending, which could affect both semiconductor stocks and broader market confidence.