Bitcoin holds near $62,500 as Fed hawkishness and weak institutional demand weigh on prices

Bitcoin traded around $62,500, pressured by the Federal Reserve’s hawkish messaging and weak institutional inflows. Ethereum and other major tokens also fell, while the global crypto market capitalization slipped to $2.16 trillion. Analysts said BTC faced resistance near $63,000 as ETF outflows continued and the 200-day moving average capped prices, leaving limited near-term upside momentum. The article ties the pressure to a shift in Fed policy, which it frames as an indirect negative for U.S. equity tech benchmarks.