Bitcoin remains under pressure near $62,500 amid Fed uncertainty and subdued institutional flows (opens original article in a new tab)

Bitcoin remains under pressure near $62,500 due to Fed uncertainty and subdued institutional flows, with major altcoins declining and global crypto market cap falling 2.31%.

• Bitcoin trades near $62,500 amid Fed uncertainty and low institutional demand
• Major altcoins like BNB, XRP, and Cardano fell up to 4%
• Global crypto market cap declined 2.31% to $2.16 trillion
• BTC price drop below $63,000 triggered sell-off and $330 million liquidation
• Institutional participation remains below early 2024 levels
• Prediction markets still show 37% probability of Bitcoin reaching $84,000