Bitcoin Surges Amidst Market Volatility; Fed Decision Looms

U.S. stock exchanges opened with mixed results on Tuesday, as the NASDAQ gained 0.11%, while the S&P 500 and Dow Jones Industrial Average (DJIA) fell by 0.11% and 0.6% respectively. Meanwhile, Bitcoin (BTC) rose by 0.34% on the CME, with the cryptocurrency's price reaching $98,800.10.

The NASDAQ's gain was driven by strong performances in the technology sector, with companies such as Apple and Microsoft reporting positive earnings. The S&P 500 and DJIA, however, were weighed down by concerns over inflation and the potential impact of rising interest rates on corporate earnings.

Bitcoin's rise came amidst a broader rally in the cryptocurrency market, with many altcoins also posting gains. The cryptocurrency's price has been volatile in recent weeks, but it has managed to maintain its position as the largest cryptocurrency by market capitalization.

Analysts have attributed Bitcoin's recent price movements to a variety of factors, including increased institutional investment, regulatory clarity, and growing adoption by businesses and consumers. However, the cryptocurrency's price remains subject to significant volatility, and investors should exercise caution when trading in the market.

In other news, the U.S. Federal Reserve is expected to announce its latest monetary policy decision on Wednesday, with investors closely watching for any indications of a change in interest rates. The central bank has been grappling with rising inflation and a strong labor market, and its policy decisions could have significant implications for the stock market and the broader economy.