India, July 23 -- After posting steady gains earlier this week, Bitcoin (BTC) edged lower on Thursday, July 23, as investors adopted a cautious approach ahead of the US Federal Reserve's upcoming policy meeting. The world's largest cryptocurrency traded near $65,400, slipping slightly over the past 24 hours while still holding on to weekly gains.

Market participants also reacted to Alphabet's latest earnings, where higher-than-expected artificial intelligence (AI) investment plans boosted optimism for technology stocks but failed to spark fresh momentum in the cryptocurrency market.

With inflation concerns resurfacing and major economic events approaching, traders are closely watching what could be the next catalyst for Bitcoin's price ...