Bitcoin is trading near the $63,600 mark on Friday, with daily technicals still cautious as moving averages remain above spot and sentiment indicators nearing levels last seen around the 2022 bottom. The cryptocurrency was trading near the $63,626 mark.In the past 24 hours, Bitcoin and Ethereum gained 1.43% and 1.19%, respectively. Among the major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin, and Cardano rallied up to 7.99%, whereas Tron was down 1.98%.Also Read | Are mutual fund investors losing interest in gold ETFs and multi-asset allocation funds? Crypto TrackerTOP COINS (₹) 6,007,882 (0.32%)57,048 (0.14%)158,154 (0.05%)95 (-0.36%)95 (-0.39%)WazirX Market Desk said Bitcoin trades near $63,536, with daily technicals still cautious as moving averages remain above spot, though RSI has improved to 32.84 and the broader Bitcoin narrative remains constructive, with sentiment indicators nearing levels last seen around the 2022 bottom and traders watching support zones for recovery signals.The global crypto market capitalisation went up 1.48% to $2.18 trillion, according to CoinMarketCap. The fear and greed index has slightly risen to 18, but the market sentiment continues to remain under extreme fear, said the CoinDCX Research Team.Akshat Siddhant, Lead Quant Analyst, Mudrex, said Bitcoin is showing strong resilience despite growing geopolitical and macro concerns, and the closure of the Strait of Hormuz has pushed oil prices higher, increasing inflation concerns across global markets.The market is also seeing an active capital rotation from digital assets toward high-momentum growth opportunities, specifically AI equities and today’s anticipated SpaceX IPO, Siddhant added.In the past week, Bitcoin was up 0.91%, and Ethereum was down 3.15%. Among the major altcoins, BNB, XRP, Dogecoin, and Cardano gained up to 3.80%, whereas Solana, Tron, Hyperliquid corrected up to 5.68%.Vikram Subburaj, CEO, Giottus, said the cryptocurrency has recovered from the sharp weakness seen earlier in the month. However, it is still struggling to establish sustained bullish momentum. According to the latest available data, US spot Bitcoin ETFs recorded net outflows of roughly $53 million on June 11. The latest ETF withdrawal was smaller than some of the larger outflows seen in recent weeks. Also Read |Parag Parikh Flexi Cap Fund raises stake in ITC, HDFC Bank and 14 other stocks in MayHere is what other analysts sayCoinSwitch Markets Desk: BTC is consolidating near the $61K–$63K range as markets digest macro uncertainty, ETF outflows, and lower overall trading activity. While rising oil prices and stronger producer inflation have made traders more cautious around Fed policy, BTC’s current setup is more about patience than panic. Riya Sehgal, Research Analyst, Delta Exchange: Crypto markets are showing signs of stabilisation after a sharp risk-off phase, but the rebound is still not strong enough to qualify as a trend reversal. Market participation also remains weak, with low crypto trading volumes. ETF outflows are further keeping institutional sentiment cautious. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle.