Bitcoin Holds Near $64,000 as Microsoft's AI Investment Shakes Markets

Bitcoin stabilized near $63,900 as market optimism surged following Microsoft's cloud unit's fastest growth in four years while maintaining spending restraints. The S&P 500 and Nasdaq rose 0.2% and 0.4%, respectively, with Microsoft up 8%. The DXY fell to 100.67 from 101.49, while the 30-year yield hit its highest level since 2007 at 5.24%. The divergence between a weaker dollar and rising long-term yields created uncertainty. Markets reacted positively to Microsoft's AI capex converting into growth, contrasting with Alphabet's recent spending hikes. Bitcoin tracked this broader market sentiment rather than crypto-specific factors.