BTC's drop to its lowest level since late 2024 reflects a hawkish Federal Reserve, exchange-traded fund outflows and a shift of capital into AI, the bank said.

BTC's drop to its lowest level since late 2024 reflects a hawkish Federal Reserve, exchange-traded fund outflows and a shift of capital into AI, the bank said.

Bitcoin trades under $63,000 ahead of PCE data Thursday on, which analysts say is the market's next key test.

Bitcoin slipped to around $62,600, extending losses amid a broader selloff in AI and technology stocks that triggered risk-off sentiment. ETF outflows, weak liquidity and a…

K33 Research warns Bitcoin faces a choppy summer as spot ETF outflows hit 62,794 BTC and institutional capital rotates into AI stocks and upcoming tech