Bitcoin slips near $63,000 as liquidations, ETF outflows and Fed uncertainty weigh on sentiment
Key Takeaways
- •Bitcoin was trading near $63,000 on Wednesday amid weaker market sentiment.
- •Roughly $510 million in liquidations contributed to pressure on the cryptocurrency.
- •Outflows from US spot bitcoin exchange-traded funds and declines in chip stocks added to the sell-off.
- •Investors were waiting for the US Federal Reserve’s interest-rate decision, which kept trading cautious.
- •Delays surrounding the CLARITY Act increased uncertainty around US crypto regulation.
Bitcoin traded near $63,000 on Wednesday as roughly $510 million in liquidations, chip stock sell-offs and outflows from US spot bitcoin exchange-traded funds weighed on sentiment.
Investors remained cautious ahead of the US Federal Reserve's interest-rate decision, while legislative delays surrounding the CLARITY Act also added to the uncertainty.
The cryptocurrency's latest move came amid a broader risk-off tone that has affected digital assets and other markets linked to technology shares. The combination of ETF flows, leveraged liquidations and macro-policy caution has kept traders focused on near-term positioning rather than a single catalyst. The article noted that market participants were watching developments in both macroeconomic policy and US crypto regulation, two areas that can shape liquidity and sentiment across the crypto market.
Market perspective
(What's moving Sensex and Nifty Track latest market news , stock tips , Budget 2025 , Share Market on Budget 2025 and expert advice , on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today .
Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price
