Bitcoin (BTC) Price Back Above $102K as Markets Shrug Off DeepSee AI Concerns; Tesla (TSLA) Earnings Eyed

Each new day under the Trump administration is as intriguing as the next, and Wednesday is shaping up to be no different.

Markets today: Bitcoin rises above $102k as Czech central bank eyes billions in BTC; FOMC meeting in focus

Each new day under the Trump administration is as intriguing as the next, and Wednesday is shaping up to be no different.

For one, the president's enthusiasm for bitcoin is spurring other institutions to take a look at the asset. Most recently, Czech National Bank Governor Aleš Michl said he will present a plan to add billions of euros worth of bitcoin to the bank's reserves. If approved, the institution would become the first Western central bank to hold BTC as a reserve asset. Michl intends to present the plan to the bank's board on Thursday.

There's also the Federal Open Market Committee meeting later today, where the benchmark fed funds rate is expected to be held at 4.25%-4.50%. The question is whether Fed Chair Jerome Powell will give a hawkish or dovish outlook, with a knock-on effect on asset prices.

Markets seem to have shaken off concerns over the Chinese DeepSeek AI program, with bitcoin back over $102,000. U.S. equities are shy of a new all-time high as Nvidia (NVDA) stormed back with an almost double-digit increase.

After the market closes, we could see some further volatility, with major tech companies including Tesla (TSLA) reporting earnings.

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