Bitcoin Slips Near $63K Ahead of Fed Interest Rate Decision

Bitcoin started the day near $63,706 before sliding toward $63,327, marking a 2.5 percent drop. The downward pressure comes as traders reduce their market exposure while waiting for the latest Federal Reserve interest rate decision and upcoming commentary from Kevin Warsh.

Market data shows that the price fall was driven by a combination of factors, including leveraged liquidations, spot ETF outflows, and ongoing uncertainty about future borrowing costs. Investors are staying cautious as they watch to see how central bank policies might impact broader financial markets.

Traders should keep a close eye on the Federal Reserve announcement for clues about future rate cuts or hikes. Any surprise remarks from officials could trigger sharp volatility across the crypto market in the coming days.